Honeywell price target lowered to $233 from $235 at JPMorgan

JPMorgan analyst Stephen Tusa lowered the firm’s price target on Honeywell (HON) to $233 from $235 and keeps a Neutral rating on the shares. The company’s Q3 report was weaker than expected, especially after incrementally positive commentary on being at the high end of the range in Q3 and management’s optimistic tone around 2025 trends from September, the analyst tells investors in a research note.