Deutsche Bank analyst John Inch raised his price target for Honeywell (HON) to $171 following recent meetings with management. The shares closed yesterday up 77c to $150.43. The target represents a 20 times forward multiple to the analyst's 2019 earnings forecast. Inch continues to believe Honeywell could become the "next multi-industry investment leader" over the coming decade as General Electric (GE) "further retrenches to preserve cash." Honeywell can pivot towards faster growth with a balance sheet that allows for billions in future growth investments, the analyst tells investors in a research note. He keeps a Buy rating on the shares.