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We’re changing our Honeywell price target after a mixed quarter and conservative guidance

Honeywell International Inc. signage is displayed on a monitor on the floor of the New York Stock Exchange (NYSE) in New York.

Michael Nagle | Bloomberg | Getty Images

Shares of Honeywell (HON) were under pressure Thursday after the industrial conglomerate reported disappointing third-quarter results and weak forward guidance. While earnings and cash flow came in slightly ahead of expectations, there wasn’t much else to get excited about for the rest of the year.


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