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Honeywell price target raised to $268 from $244 at Citi
The Fly

Honeywell price target raised to $268 from $244 at Citi

Citi raised the firm’s price target on Honeywell (HON) to $268 from $244 and keeps a Buy rating on the shares. With an upcoming change in U.S. administration, Citi remains “selectively bullish” on multi-industry companies as divergent market trends among industrial verticals could continue for the time being, the analyst tells investors in a research note. The firm says exposure to secular growth themes could remain at a premium, and it also favors selective exposure to emerging tailwinds such as “Trump beneficiaries,” value, and tactical short-cycle exposure.

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