Mizuho raised the firm’s price target on Honeywell (HON) to $250 from $235 and keeps an Outperform rating on the shares. The firm updated estimates in the electrical equipment and multi-industry sector post earnings. Pent-up demand in investment and capex, the reemergence of profit generation and positive portfolio shaping are common themes, the analyst tells investors in a research note. Mizuho’s top picks are Carrier Global (CARR), Emerson Electric (EMR), Pentair (PNR), Applied Industrial (AIT) and Stanley Black & Decker (SWK).
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HON:
- Honeywell price target raised to $217 from $182 at JPMorgan
- Paulson buys Honeywell, boosts Madrigal in Q1
- ‘A Defining Moment in Qatar’s Ambitions’: $1B Deal with Quantinuum Puts Qatar on Tech Investing Map
- Quantum Leap: IonQ to acquire Capella Space and Lightsynq Technologies
- Honeywell’s Quantinuum, Al Rabban Capital launch joint venture