We're lowering our Honeywell price target after earnings. The risk-reward is still favorable
cnbc.com/2024/04/25/were-lowering-our-honeywell-price-target-after-earnings-the-risk-reward-is-still-favorable.html
Honeywell shares are under pressure Thursday, despite the industrial conglomerate exceeding expectations for first-quarter sales and earnings. The culprits: Softer guidance for the current quarter and some uncertainty about a recovery in some of its key businesses. Revenue for the three months ended March 31 totaled $9.1 billion, topping Wall Street expectations of $9.03…
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