Honeywell price target raised to $260 from $255 at Barclays

Barclays raised the firm’s price target on Honeywell (HON) to $260 from $255 and keeps an Overweight rating on the shares. The firm thinks investor concerns over the Aerospace business may be overdone. While “spin limbo” is a real risk, there is likely to be considerable “action” at Honeywell prior to any aerospace spin, the analyst tells investors in a research note.