Honeywell: Credit Suisse upgrade finally kicking in
(CercleFinance.com) - Hit by the free fall of the ISM manufacturing index and Apple's China woes yesterday, Honeywell shares were not lifted by Credit Suisse's upgrade.
But the stock is catching up today, as investors take into account the positive comments that the broker made on Thursday.
In a strategy note, Credit Suisse said that it has upgraded Honeywell from "neutral" to "outperform," as the industrial group is "better positioned" to perform during macro volatility.
Honeywell shares are up 1.6% today, after losing 1.4% yesterday.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
But the stock is catching up today, as investors take into account the positive comments that the broker made on Thursday.
In a strategy note, Credit Suisse said that it has upgraded Honeywell from "neutral" to "outperform," as the industrial group is "better positioned" to perform during macro volatility.
Honeywell shares are up 1.6% today, after losing 1.4% yesterday.
Copyright (c) 2019 CercleFinance.com. All rights reserved.