Honeywell International's (HON) stock has proven to be resilient, reaching a new 52-week high at $210.97. The company has shown impressive growth in shares as its reported Q1 2024 earnings surpass estimates. The acquisition of
Carrier's Global Access Solutions Unit is expected to contribute positively to Honeywell's bottom-line. Price targets on Honeywell have been adjusted with analysts at
RBC Capital lowering theirs to $218, while
Citigroup boosts its target to $244. However, market movements showed Honeywell's stock experiencing a dip larger than the broader market. In terms of future outlook, earnings guidance has been issued for FY24. It's clear that investors maintain interest in Honeywell with a surge in share purchases done by different investment entities such as
Connectus Wealth LLC and
Capital Research Global Investors. Despite facing a some market pullback, Honeywell's robust aerospace sales and recent acquisitions mark it as a compeling long-term growth stock.
Honeywell International HON News Analytics from Thu, 26 Oct 2023 07:00:00 GMT to Sun, 09 Jun 2024 13:39:23 GMT -
Rating 8
- Innovation 4
- Information 6
- Rumor -6
