Just weeks after its spin-off listing, Honeywell Aerospace (HONA.US) released its first earnings report, which fell short of expectations across the board, leading Societe Generale to slash its target price by 14%.

According to the Zhito Finance APP, due to the disappointing performance of Honeywell Aerospace (HONA.US) in its first earnings report since becoming independent, BNP Paribas has lowered its target price and warned that the stock is currently in a "cold palace," suggesting that the company may need a longer time to regain investor confidence.