UBS lowered the firm’s price target on Honeywell (HON) to $258 from $268 and keeps a Buy rating on the shares following the Q3 report. The firm cites the spin of Solstice for the target cut. Honeywell’s Q3 disclosures were positive, as sales in the quarter were better than expected and order growth accelerated to 22% year-over-year, the analyst tells investors in a research note.
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