Wall Street Remains Bullish on Honeywell Post Spinoff

Analyst
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Wall Street analysts remain bullish on Honeywell International following its recent spinoff. BMO Capital analyst Daniel DiCicco reiterated a Buy rating with a $253 price target, while Citi's Andrew Kaplowitz lowered his target from $269.40 to $260 but kept a Buy rating. Both targets imply double-digit upside from current levels, with the median analyst target at $254 based on 27 analysts. Citi believes the more focused automation business is now better positioned for steadier long-term sales growth.

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