Honeywell price target raised to $244 from $243 at Citi

Citi analyst Andrew Kaplowitz raised the firm’s price target on Honeywell to $244 from $243 and keeps a Buy rating on the shares after the company completed the acquisition of Carrier’s Global Access Solutions business. The deal reflects Honeywell’s more aggressive approach toward capital deployment and should, over time, further strengthen the company’s profitability creation, the analyst tells investors in a research note.