UPDATE: Langenberg & Company Downgrades Honeywell International to Hold, Reiterates $66 PT

In a report published Wednesday, Langenberg & Company downgraded its rating on Honeywell International

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.