Honeywell price target lowered to $185 from $193 at UBS

UBS analyst Chris Snyder lowered the firm’s price target on Honeywell to $185 from $193 and keeps a Sell rating on the shares. While shares have already derated 20% from the end-December peak, Honeywell is still trading at a relative mid-single digit premium vs. its 5-year average, providing scope for further downside, the analyst tells investors in a research note. It is unclear how the energy transition is a net positive for Honeywell, the firm adds.