Goldman Sachs analyst Joe Ritchie lowered the firm’s price target on Honeywell (HON) to $245 from $262 and keeps a Buy rating on the shares after its Q3 earnings beat. The company’s stronger EBIT in Aerospace Technologies and Building Automation, BA, segments offset weaker Industrial Automation sales growth, the analyst tells investors in a research note. Going forward, the outlook for Honeywell is improving as evidenced by Q3 order rates growth of 22%. and strong momentum in Aero/BA, the firm added.
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