BUZZ-Brokerages lift Honeywell PTs after Elliott's call to split

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BUZZ-Brokerages lift Honeywell PTs after Elliott's call to split

** Brokerages raise price targets on Honeywell International HON.O after Elliott urges the co to split and takes more than $5 bln stake

** RBC Equity Research raises PT to $253 from $213; maintains "sector perform"

** "By creating two standalone companies, each can concentrate on its core competencies, streamline operations, and attract investors with clearer narratives," says RBC

** Wells Fargo increases PT to $254 from $215; remains "equal weight"

** "We're encouraged by Elliott's letter to HON's Board and the potential for larger portfolio moves," says Wells Fargo

** 11 of 27 brokerages rate the stock "buy" or higher and 16 "hold"; their median PT is $230.50 - LSEG data

** Up to last close, stock up 11.57% YTD

(Reporting by Anshuman Tripathy in Bengaluru)

((Anshuman.Tripathy@thomsonreuters.com;))

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