UPDATE: Langenberg & Company Downgrades Honeywell International to Hold, Reiterates $66 PT
In a report published Wednesday, Langenberg & Company downgraded its rating on Honeywell International (NYSE: HON) from Buy to Hold, and reiterated its $66.00 price target.
Langenberg & Company noted, “downgrade to Hold from Buy. Close to $66 target. Average Street target is $70 but we note the hottest segment (PMT) is specialty chemical – a 6X EBITDA sector.”
Honeywell International closed on Monday at $63.47.
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