UBS Lowers Honeywell Aerospace Price Target
Honeywell Aerospace has had its price target lowered to $213 from $231 at UBS.
The decision was based on a backtested strategy that showed results may have under- or over-compensated for market factors.
UBS noted that the backtested performance is not an indicator of future actual results and has inherent limitations, including the lack of liquidity in certain markets.