Analysts Offer Insights on Conglomerates Companies: Honeywell International (NYSE: HON) and Dycom (NYSE: DY)

By Jason Carr

There’s a lot to be optimistic about in the Conglomerates sector as 2 analysts just weighed in on Honeywell International (NYSE: HON) and Dycom (NYSE: DY) with bullish sentiments.

Honeywell International (NYSE: HON)

RBC Capital analyst Matthew W. McConnell reiterated a Buy rating on Honeywell International (NYSE: HON) yesterday and set a price target of $145. The company’s shares closed yesterday at $133.25, close to its 52-week high of $135.

According to TipRanks.com, McConnell is a 4-star analyst with an average return of 12.3% and a 81.8% success rate. McConnell covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, United Technologies Corp, and General Dynamics Corp.

Currently, the analyst consensus on Honeywell International is Strong Buy and the average price target is $135.83, representing a 1.9% upside.

In a report issued on May 17, Jefferies also reiterated a Buy rating on the stock.
Dycom (NYSE: DY)

Stifel Nicolaus analyst Noelle Dilts reiterated a Buy rating on Dycom (NYSE: DY) on May 25 and set a price target of $115. The company’s shares closed yesterday at $82.75.

According to TipRanks.com, Dilts is a 3-star analyst with an average return of 4.1% and a 52.9% success rate. Dilts covers the Industrial Goods sector, focusing on stocks such as Martin Marietta Materials, Honeywell International, and General Cable Corp.

Currently, the analyst consensus on Dycom is Strong Buy and the average price target is $93, representing a 12.4% upside.

In a report issued on May 25, FBR Capital also reiterated a Buy rating on the stock with a $112 price target.

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