Morgan Stanley Adds HON To Best Ideas List

Morgan Stanley has reported that it is adding Honeywell International (NYSE: HON) to the Morgan Stanley Best Ideas List.

According to Morgan Stanley, "We see potential for 50%+ upside over the next several years driven by the company's outsized exposure (80-85% of total profits) to some of the most interesting later cycle end-markets we cover, most notably oil & gas, envt'l controls, comm'l aerospace, bizjets, and turbo - all still inflecting upwards. Importantly, corporate driven tailwinds are arguably highest in industrial space."

HON has an Overweight Rating and closed at $57.39 on Friday.