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Wall Street Analysts Turn Bearish: Four Notable Downgrades Including Honeywell

MarketDash Editorial Team
20 days ago
Major Wall Street firms downgraded four companies on Tuesday, with Bank of America flipping bearish on Honeywell and slashing its price target by 23%. JP Morgan and Barclays also cut their outlooks on D-MARKET Electronic, Federal Realty Investment Trust, and Auna SA.

Tuesday brought a wave of pessimism from Wall Street's analyst community, with major firms pulling back their bullish calls on four companies across different sectors. The downgrades ranged from cautious repositioning to outright bearish turns, with price target cuts that signal meaningful concern about near-term prospects.

Honeywell Takes the Biggest Hit

The most dramatic move came from B of A Securities analyst Andrew Obin, who downgraded Honeywell International Inc (HON) from Buy all the way down to Underperform. That's not just losing confidence—it's a complete reversal. Obin slashed his price target from $265 to $205, a 23% haircut that puts the new target barely above where Honeywell closed on Monday at $196.08.

An Underperform rating means the analyst expects the stock to do worse than the broader market, which is about as bearish as sell-side analysts typically get. For a blue-chip industrial like Honeywell, that's noteworthy.

JP Morgan Goes Neutral on Two Names

JP Morgan had a busy Tuesday with two downgrades of its own. Analyst Hanzade Kilickiran moved D-MARKET Electronic (HEPS) from Overweight to Neutral, cutting the price target from $4.85 to $3.07. That's a 37% reduction, though it still implies upside from Monday's close of $2.31.

Meanwhile, JP Morgan analyst Joseph Giordano downgraded Auna SA (AUNA) from Overweight to Neutral with an even steeper price target cut—from $13.50 to $6.00, a 56% slash. Auna shares closed at $5.00 on Monday, actually trading below the new target, suggesting the analyst sees modest recovery potential but nothing to get excited about.

Barclays Pulls Back on Federal Realty

Rounding out the downgrades, Barclays analyst Richard Hightower moved Federal Realty Investment Trust (FRT) from Overweight to Equal-Weight, lowering his price target from $113 to $106. Federal Realty closed at $96.00 on Monday, giving the new target about 10% implied upside—though clearly not enough for Barclays to maintain its previous conviction.

The Equal-Weight rating essentially means "hold what you have, but don't add more," a wait-and-see stance that suggests the REIT faces headwinds that need to play out before the firm can get more constructive.

These downgrades serve as a reminder that analyst sentiment can shift quickly, and when it does, the price target adjustments often tell you just as much as the rating changes themselves.

Back to News

Wall Street Analysts Turn Bearish: Four Notable Downgrades Including Honeywell

MarketDash Editorial Team
20 days ago
Major Wall Street firms downgraded four companies on Tuesday, with Bank of America flipping bearish on Honeywell and slashing its price target by 23%. JP Morgan and Barclays also cut their outlooks on D-MARKET Electronic, Federal Realty Investment Trust, and Auna SA.

Tuesday brought a wave of pessimism from Wall Street's analyst community, with major firms pulling back their bullish calls on four companies across different sectors. The downgrades ranged from cautious repositioning to outright bearish turns, with price target cuts that signal meaningful concern about near-term prospects.

Honeywell Takes the Biggest Hit

The most dramatic move came from B of A Securities analyst Andrew Obin, who downgraded Honeywell International Inc (HON) from Buy all the way down to Underperform. That's not just losing confidence—it's a complete reversal. Obin slashed his price target from $265 to $205, a 23% haircut that puts the new target barely above where Honeywell closed on Monday at $196.08.

An Underperform rating means the analyst expects the stock to do worse than the broader market, which is about as bearish as sell-side analysts typically get. For a blue-chip industrial like Honeywell, that's noteworthy.

JP Morgan Goes Neutral on Two Names

JP Morgan had a busy Tuesday with two downgrades of its own. Analyst Hanzade Kilickiran moved D-MARKET Electronic (HEPS) from Overweight to Neutral, cutting the price target from $4.85 to $3.07. That's a 37% reduction, though it still implies upside from Monday's close of $2.31.

Meanwhile, JP Morgan analyst Joseph Giordano downgraded Auna SA (AUNA) from Overweight to Neutral with an even steeper price target cut—from $13.50 to $6.00, a 56% slash. Auna shares closed at $5.00 on Monday, actually trading below the new target, suggesting the analyst sees modest recovery potential but nothing to get excited about.

Barclays Pulls Back on Federal Realty

Rounding out the downgrades, Barclays analyst Richard Hightower moved Federal Realty Investment Trust (FRT) from Overweight to Equal-Weight, lowering his price target from $113 to $106. Federal Realty closed at $96.00 on Monday, giving the new target about 10% implied upside—though clearly not enough for Barclays to maintain its previous conviction.

The Equal-Weight rating essentially means "hold what you have, but don't add more," a wait-and-see stance that suggests the REIT faces headwinds that need to play out before the firm can get more constructive.

These downgrades serve as a reminder that analyst sentiment can shift quickly, and when it does, the price target adjustments often tell you just as much as the rating changes themselves.

    Wall Street Analysts Turn Bearish: Four Notable Downgrades Including Honeywell - MarketDash News