07.10.2016 - Sales forecasts at Honeywell International were worsened
In Honeywell International issued a statement according to which the conglomerate expects sales deterioration of the current reduction of 1-2% this year compared to the previous. In the 3rd quarter is expected a drop in sales by 3%, and the margin reduction to 17.3% versus 17.5% previously. In the company continue to develop the direction associated with the development of software for businesses. Given the weak forecasts and expectations of falling on the stock market, we are forecasting a decrease in quotations of the company by 15-20%.