JPMorgan lowered the firm’s price target on Honeywell to $221 from $238 and keeps an Overweight rating on the shares following the Q4 report. Honeywell’s guidance disappointed as this year was supposed to be a year when the company could show more balanced performance across the portfolio, the analyst tells investors in a research note. Nonetheless, the firm views the shares as “too cheap” in the context of a favorable mix heading into 2025.
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