Wells Fargo analyst Joseph O’Dea raised the firm’s price target on Honeywell (HON) to $215 from $207 and keeps an Equal Weight rating on the shares. Honeywell lowered full year organic growth guidance driven by persistently soft IA demand extending into the second half of 2024, and at some point the growth should bring mix tailwinds to incrementals, but that won’t be this year, the analyst tells investors in a research note.
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