Wednesday, December 20, 2006

oneywell has a lot of potential acquisition targets mainly outside US - analyst report

Honeywell, the listed New Jersey conglomerate that has said it will look for buys, has a lot of potential targets, according to an analyst report.
According to a research report issued 20 December by Caris & Company analyst May Anne Sudol, Honeywell has indicated it has a lot of potential acquisition targets in the pipeline with many outside the US. According to the report, Honeywell will likely look to buy companies that have a technology it would want and will likely be sensitive to price.
The call was a part of a broader research report in which Caris raised its investment rating on Honeywell to buy from above average. Honeywell has a market capitalization of USD 36.2bn.


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