ReutersReuters

PREVIEW: Honeywell Intl shares dip ahead of results due Thurs

** Shares of Honeywell International HON were down 0.9% in afternoon trading Wed ahead of the conglomerate's quarterly results due before the opening bell on Thurs

** Co is expected to report an increase in rev to $9.03 bln from $8.86 bln a yr ago, and it is expected to post earnings of $2.17/shr vs $2.07 in the yr-ago period, according to LSEG data

** The co has beaten analysts' earnings expectations in all of the past eight reporting periods, per LSEG data

** Analyst recommendations on the stock include 15 "strong buy" or "buy" ratings, 10 "hold" ratings and one "sell" rating, based on LSEG data

** The median 12-mo price target is $222.50​; the stock was last at $194.40

** Last week, Deutsche Bank cut its target price on HON to $215 from $227 and lowered its rating to a "hold" from a "buy"

** Including the session move, HON was down about 7% for the year so far, while the Dow DJI was up about 2% for that period

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