JPMorgan upgraded Honeywell (HON) to Overweight from Neutral with a price target of $255, up from $218. The firm adjusted ratings in the electrical equipment and multi-industry group as part of its 2026 outlook. The analyst is more positive on Honeywell, citing the stock’s discount to the company’s sum-of-the-parts. JPMorgan sees a “disconnect” on Honeywell’s asset value, especially for its aerospace unit.
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