No, it's not. Honey is defined by the USDA as being flower nectar that's been processed by bees[1]. Artificial honey can not be called honey[2]. If they're mixing it with high fructose corn syrup, then there should be a way to scientifically determine that.
[1] https://www.ams.usda.gov/sites/default/files/media/Extracted...
[2] https://www.ams.usda.gov/sites/default/files/media/Extracted...