Honeywell price target raised to $205 from $190 at HSBC

HSBC analyst Puneet Garg raised the firm’s price target on Honeywell to $205 from $190 and keeps a Hold rating on the shares post the Q4 report. The analyst says Honeywell is well positioned in the current economic environment with diversified end-market exposure. However, this favorable exposure is already reflected in the stock’s valuation premium, HSBC tells investors in a research note.