JP Morgan Downgrades Honeywell Intl to Neutral, Raises Price Target to $235
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Stephen Tusa has downgraded Honeywell International (NASDAQ:HON) from Overweight to Neutral, while raising the price target from $225 to $235.
October 10, 2024 | 1:06 pm
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NEUTRAL IMPACT
JP Morgan has downgraded Honeywell International from Overweight to Neutral, indicating a less bullish outlook. However, the price target has been raised to $235, suggesting some positive expectations.
The downgrade from Overweight to Neutral suggests a less optimistic view on Honeywell's stock performance, which could lead to a neutral or slightly negative short-term impact. However, the raised price target to $235 indicates some positive expectations, balancing the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100