BofA Downgrades Honeywell Amid Reorganization Challenges
Bank of America cuts Honeywell to Underperform, citing slow EPS growth and challenges in its Aerospace and Automation split, with a new $205 price target.
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Bank of America cuts Honeywell to Underperform, citing slow EPS growth and challenges in its Aerospace and Automation split, with a new $205 price target.
Honeywell raises full-year profit forecast to $10.60-$10.70 per share, beats Q3 estimates with $2.82 EPS, driven by 15% aerospace growth ahead of company breakup into three entities.