Wells Fargo analyst Joseph O’Dea raised the firm’s price target on Honeywell (HON) to $230 from $220 and keeps an Equal Weight rating on the shares. Following a Q2 Aero margin shortfall, Q3 bounced back with solid double digits organic and margin improvement, and management expressed confidence in Aero margins poised for continued expansion. Still, lots of portfolio moves ahead, but Q3 OP showed good progress, Wells adds.
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