Deutsch Bank Upbeat On Honeywell (HON)

Deutsch Bank issued a note this morning saying they are upbeat on Honeywell (NYSE: HON) and they believe shares could double over the next four years.

On Monday Honeywell management said they see the beginning of a V-shape recovery in some of their markets.

Deutsch Bank believes Honeywell could achieve earnings per share of $5.00 in 2014. They think the downside risk in shares of Honeywell is limited and the company will benefit disproportionately in a rising rate environment.

Deutsch Bank maintains a Buy rating on Honeywell with a $48 price target.