In a report released yesterday, Brett Linzey from Mizuho Securities maintained a Buy rating on Honeywell International (HON – Research Report), with a price target of $245.00.
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Brett Linzey has given his Buy rating due to a combination of factors that indicate Honeywell International’s strong performance and potential for growth. The company’s fourth-quarter results showed an adjusted EPS that surpassed both Mizuho’s expectations and consensus estimates, reflecting robust financial health. Additionally, Honeywell demonstrated positive organic sales growth, significantly driven by strong performance in sectors like defense, space, and building solutions.
Another factor contributing to the Buy rating is Honeywell’s strategic portfolio updates, including the planned separation of its Aerospace and Automation segments, which are expected to enhance operational focus and efficiency. The record backlog of orders further supports the company’s promising outlook. Despite a guidance for FY25 that falls below the Street’s expectations, the anticipated growth in segment margins and an increase in free cash flow suggest a positive trajectory for the company in the long term.
Linzey covers the Industrials sector, focusing on stocks such as Stanley Black & Decker, Emerson Electric Company, and Parker Hannifin. According to TipRanks, Linzey has an average return of 13.5% and a 73.62% success rate on recommended stocks.
In another report released today, Citi also maintained a Buy rating on the stock with a $253.00 price target.