BUZZ-Citigroup cuts Honeywell's PT, sees aerospace spin-off costs weighing on 2026 margins

Honeywell Technologies Inc

Honeywell Technologies Inc

HON

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** Citigroup cuts price target on Honeywell International to $260 from $269.4; reiterates "buy" rating

** New PT still represents a 16% premium to the stock's last close

** The brokerage says following the separation of its aerospace business, HON is now a more focused technology and automation company, positioning it to deliver steadier and more predictable revenue growth

** However, it expects separation-related costs to pressure 2026 margins

** Sees HON reducing these costs in 2027, supported by product launches, improving short-cycle demand and a solid backlog of long-term projects, particularly in LNG-related businesses

** Median PT of 30 brokerages covering the stock is $455 - data compiled by LSEG

** As of last close, stock up ~10% YTD


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