Honeywell International Inc. increased its expectations for earnings and organic sales growth for 2018, citing strong performance in the latest quarter and healthy demand in several segments including commercial aviation and defense.
The conglomerate on Friday raised its annual profit target to between $7.85 and $8.05 a share, up from its prior estimate of $7.75 to $8 a share. It also guided organic sales growth to be between 3% and 5% and annual sales to be between $42.7 billion and $43.5 billion.
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