Andrew Obin, an analyst from Bank of America Securities, reiterated the Buy rating on Honeywell International. The associated price target remains the same with $275.00.
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Andrew Obin has given his Buy rating due to a combination of factors that highlight Honeywell International’s strategic positioning and growth potential. Despite a noted softness in July orders, the company’s sectors like buildings and aerospace continue to show strong demand, and the sensing and thermal solutions have exceeded expectations. These positive trends suggest resilience and potential for growth in key areas.
Additionally, Honeywell’s strategic moves, such as the planned spin-off of its Advanced Materials segment and the potential acceleration of its Aerospace spin, are expected to enhance operational focus and shareholder value. The recent successful capital raise for Quantinuum, in which Honeywell holds a significant stake, further underscores the company’s potential for value creation. These factors contribute to the attractiveness of Honeywell’s stock, supporting the Buy rating.
In another report released on September 3, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $244.00 price target.
HON’s price has also changed slightly for the past six months – from $208.000 to $215.160, which is a 3.44% increase.