As per the latest developments, Honeywell International Inc. (NASDAQ:HON) is drawing attention in the market. Strong performance in aerospace has led analysts to call it an undervalued stock and a good buy post the recent correction. Analyst consensus gives it a 'Hold' rating. Hedge funds are also expressing bullish sentiments. The stock got upgraded to 'Buy' at StockNews.com. It has been reported that Raymond James & Associates and Park National Corp OH hold considerably large positions while Mar Vista has sold its share. Q2 2024 Earnings call achieved or surpassed expectations, and Wall Street is anticipating growth in their upcoming earnings report.
The company is also gaining investors' attention with the strategic acquisition of CAES, aiming to enhance defense technologies. Despite decreases by some wealth management firms, multiple firms, including Addenda Capital and Burke & Herbert Bank & Trust Co, have upped their stakes. However, there's a sturdy alert for investors as the stock sees more significant dips than other market counterparts. Overall, the future holds promise for Honeywell, but investment should be tempered with caution.
Honeywell International HON News Analytics from Thu, 26 Oct 2023 07:00:00 GMT to Sun, 18 Aug 2024 22:27:58 GMT - Rating 6 - Innovation 8 - Information 8 - Rumor -2
