Honeywell price target lowered to $228 from $235 at Deutsche Bank

Deutsche Bank analyst Nicole Deblase lowered the firm’s price target on Honeywell to $228 from $235 and keeps a Buy rating on the shares. The earnings setup for the multi-industry group is "undeniably challenging," with investors increasingly nervous about the macro environment, the analyst tells investors in a research note. However, the firm does not expect this quarter to bring much new insight into the broader recession debate .Against this backdrop, industrial investors are likely to remain cautious, it contends.