Strategic Positioning and Financial Prudence Drive Honeywell’s Buy Rating

Honeywell International (HON – Research Report), the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Andrew Obin from Bank of America Securities maintained a Buy rating on the stock and has a $250.00 price target.

Andrew Obin has given his Buy rating due to a combination of factors that highlight Honeywell International’s strategic positioning and financial prudence. The company’s strong performance in short-cycle businesses, particularly in Building Automation, has been a significant driver of growth, maintaining momentum from the first quarter of 2025. Management’s conservative guidance, which includes considerations for reciprocal tariffs and potential demand disruptions, reflects a cautious approach that sets Honeywell apart from its peers.
Additionally, Honeywell has shown improvements in its forecasting methods, adopting a more collaborative and realistic approach to setting expectations. The anticipated Aero spin and potential portfolio changes have also piqued investor interest, signaling potential future value. With a price objective of $250, Obin believes Honeywell is well-positioned to achieve positive earnings per share revisions, supporting his Buy recommendation.

In another report released on April 30, Barclays also maintained a Buy rating on the stock with a $243.00 price target.