UPDATE: Citigroup Reiterates on Honeywell International After Conservative Initial 2014 Guidance

In a report published Wednesday, Citigroup analyst Deane M. Dray reiterated a Buy rating on Honeywell International (NYSE: HON ), and raised the price target from $97.00 to $99.00. In the report, Citigroup noted, “Buy-rated Honeywell stuck with its under-promise, over-deliver playbook setting what we see as a conservative initial