Barclays cuts PT on industrial conglomerate Honeywell International HON.O to $255 from $275, maintains rating at "overweight"
New PT still implies an upside of 12.8% to the stock' last close
Brokerage says co faces identifiable downside risk from geopolitical tensions, including potential exposure to the Iran conflict given its direct Middle East footprint
Adds sector de-rating in commercial aerospace and defense have weighed on co's valuation
18 of 30 brokerages rate the stock "buy" or higher, 11 "hold" and 1 "sell"; median PT is $245 - data compiled by LSEG
As of last close, stock up 15.9% YTD