Wall Street analysts downgrade Honeywell. We think they're making a mistake.
JPMorgan cut the industrial name's rating to neutral from buy, citing concerns that its forthcoming materials spin-off appears dilutive.
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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
Honeywell stock received a rare downgrade from JPMorgan on Thursday. It's the first time in more than a decade that analysts at the firm lowered their rating.
