Barclays lowered the firm’s price target on Honeywell (HON) to $229 from $232 and keeps an Overweight rating on the shares post the Q3 report. The company’s 10% earnings growth, or the mid-point of the 8-12% through-cycle algorithm, continues to look hard to hit in 2025, “but at least a re-basing should now occur for Street numbers,” the analyst tells investors in a research note.
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