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"Uh and we have Irispace and automation technology provider Honeywell. Shares are down about 2%. It's coming off another downgrade, but this is a double downgrade. Uh, so the company was previously buy and now it's sell. Uh, the downgrade is coming from Bank of America. It's the only sale rating in Bloomberg data. Um, the ticker is H. The stock is splitting up in two companies that's been going on for some time. One is dedicated to aerospace and the other to automation. But Bank of America is not excited about that. Uh it the bank says shares are going to lag as elements of its spin-off strategy disappoint investors. Uh the company has only one sale rating. It's not common to get this. It's already down 10% year to date. Uh but clearly the spin-off and the new CEO they have which is actually an internal one. Bank America is not bullish about this."
The analyst highlights Honeywell's double downgrade by Bank of America, noting that the stock shifted from a Buy to a Sell recommendation amid concerns over its spin-off strategy and lackluster performance. This commentary signals a strong bearish outlook, suggesting that investors exercise caution given the company's strategic challenges.
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