Wells Fargo analyst Joseph O’Dea lowered the firm’s price target on Honeywell to $205 from $216 and keeps an Equal Weight rating on the shares. It appears that short cycle demand trends are improving, the firm expects bias toward a wait and see posture, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HON:
- Honeywell targets long-term adjusted EPS growth of 8%-12%
- Honeywell says on track to exceed $25B+ of capital deployment through 2025
- Honeywell sees Q2 adjusted EPS $2.25-$2.35, consensus $2.35
- HON Earnings: Honeywell Smashes Q1 Expectations, Backlog Balloons to $32B
- Honeywell backs FY24 adjusted EPS view $9.80-$10.10, consensus $9.95