Citi lowered the firm’s price target on Honeywell (HON) to $253 from $266 and keeps a Buy rating on the shares. The company’s Q4 results were broadly solid and it appears “cautious but constructive” toward demand bottoming, the analyst tells investors in a research note. The firm thinks Honeywell’s operating challenges could linger in 2025 but that its simplification should support long-term value appreciation.
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