Reported 2 days ago
Wells Fargo has lowered its price target for Honeywell International Inc. (NASDAQ:HON) from $240 to $230, maintaining a Hold rating due to uncertainties in the near-term market. Despite Honeywell's progress in battery technology, including a project with LG Energy Solution for electric vehicle batteries, Wells Fargo remains cautious about potential challenges that could impact the company's sales and profits. Investors may want to wait for more performance clarity before making decisions.
Source: YAHOO