Honeywell Confirms Outlook For 2012 (HON)

Honeywell (NYSE:HON) announced on Wednesday that it has endorsed a prior announced outlook in 2012 and narrowed the range of its first quarter profit to $0.96 a share to $0.98.Honeywell International (NYSE:HON) has potential upside of 13.4% based on a current price of $57.77 and an average consensus analyst price target of $65.53.Honeywell International is currently above its 200-day moving average (MA) of $53.26 and should find resistance at its 50-day MA of $57.99.In the last five trading sessions, the 50-day MA has climbed 0.55% while the 200-day MA has remained constant.