Wolfe Research analyst Nigel Coe upgraded Honeywell (HON) to Outperform from Peer Perform with a $293 price target The firm believes the company’s aerospace spinoff could unlock $290 of sum-of-the-parts share value. Honeywell has already done the “heavy lift” of its portfolio separation, the analyst tells investors in a research note. Wolfe sees 22% upside potential in Honeywell shares and highlights the company’s stronger revenue growth as another reason to turn bullish.
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