Jefferies lowered the firm’s price target on Honeywell (HON) to $250 from $260 and keeps a Hold rating on the shares. The Defense and IT services revenue outlook “appears balanced and lacks positive catalysts,” says the analyst in a 2025 outlook note for the Aerospace and Defense Electronics group. The firm’s favorite sector in the group into 2024 was Commercial Aero, “which we see no reason to change,” with its favorite names in 2025 aftermarket heavy, the analyst added.
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