Barclays Lowers Honeywell (HON) PT, Flags Demand Uncertainty in Multi-Industry Sector

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Barclays analyst Julian Mitchell lowered the price target for Honeywell International Inc. (NASDAQ:HON) to $255 from $275, while reiterating an Overweight rating, citing increased demand uncertainty within the multi-industry sector. This update came ahead of Q1 earnings, with the analyst noting that expectations for the sector have been “somewhat re-based.” Separately, BMO Capital Markets initiated coverage with an Outperform rating and a $273 price target, highlighting the anticipated Aerospace spin-off and strong Aerospace & Defense fundamentals as potential catalysts not fully reflected in the current valuation.

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