BofA downgraded Honeywell International Inc. (HON) to Underperform, citing a challenging path ahead despite the company's portfolio reshuffle, including plans to separate Aerospace and Automation businesses. This follows the completion of the Advanced Materials spin-off and the appointment of a new CEO for Honeywell Aerospace. Despite the downgrade and investor sentiment, HON still holds a one-year average share price target of $241.67, indicating a 27.20% upside potential, with over half of Wall Street analysts maintaining a Buy rating or higher.

<p>Analysts have downgraded Honeywell International Inc. (NASDAQ:HON) from Buy to Underperform, reducing its price target from $265 to $205. Despite this, they see a 27% upside potential. The downgrade follows the company's ongoing portfolio reshuffle, including plans to separate its Aerospace division.</p>

Analysts See 27% Upside Potential For Honeywell International Inc. (HON)