RBC Capital analyst Deane Dray raised the firm’s price target on Honeywell to $204 from $199 but keeps a Sector Perform rating on the shares after its Q4 operating miss. The analyst notes that all of the company’s segment level commentary for 2023 was in-line with expectations, and the firm is also positive on Honeywell completing its asbestos trust funding while de-risking its balance sheet.
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Published first on TheFly
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- Honeywell price target raised to $215 from $205 at JPMorgan
- Honeywell sees continuation of ‘many’ challenges faced in 2022
- Honeywell sees Q1 adjusted EPS $1.86-$1.96, consensus $2.03
- Honeywell sees FY23 adjusted EPS $8.80-$9.20, consensus $9.13
- Honeywell reports Q4 adjusted EPS $2.52, consensus $2.51