BUZZ-Honeywell gets 'outperform' rating as BMO starts coverage
Reuters03-27
BUZZ-Honeywell gets 'outperform' rating as BMO starts coverage
** BMO initiates coverage on industrial conglomerate Honeywell International HON.O with "outperform" rating and a price target of $273
** New PT represents a 21.2% upside to stock's last close
** Brokerage says ongoing strategic review of the warehouse and productivity businesses along with updates on the planned aerospace spin-off in 3–6 months, should act as near‑term catalysts
** BMO says HON's strong aerospace and defence fundamentals remain underappreciated, with further upside through the decade
** Median PT of 30 brokerages covering the stock is $245 - data compiled by LSEG
** As of last close, HON up 15.4% YTD
(Reporting by Megavarshini G. Somasundaram in Bengaluru)
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