Honeywell (HON +2%) expects demand to remain weak in Europe this year due to the debt crisis,...

|About: Honeywell International, ... (HON)|By:, SA News Editor

Honeywell (HON +2%) expects demand to remain weak in Europe this year due to the debt crisis, CEO David Cote tells an investor conference. Construction spending continues to be soft, although demand for Honeywell's cockpit electronics and small engine is strong. Cote reaffirms the firm's increased 2012 EPS forecast of $4.35-$4.55.