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Investing.com - JPMorgan has raised its price target on Honeywell International (NASDAQ:HON) to $222.00 from $217.00 while maintaining a Neutral rating on the stock. The industrial conglomerate, currently valued at $142 billion, trades near InvestingPro’s Fair Value estimate, with analyst targets ranging from $207.50 to $290.
The price target adjustment came after Honeywell’s quarterly results, which JPMorgan described as allowing the company to "meaningfully raise guidance while maintaining what looks like a relatively conservative second half."
Despite the positive guidance revision, JPMorgan noted there was "little change to the operational guidance despite the 1H beat," suggesting the improvements were not entirely driven by core business performance.
The investment bank expressed some concern about Honeywell’s aerospace segment, which represents approximately 55 percent of the company’s estimated value. JPMorgan highlighted "one too many questions" surrounding this division, particularly regarding margins and aftermarket growth.
Aftermarket growth in the aerospace segment was "slower" according to JPMorgan, which noted this could be explained by "the mix of business with more BGA [Business and General Aviation], not being purely large commercial," though the bank concluded that "the slower growth is what it is and is a drag versus others."
In other recent news, Honeywell International Inc. reported its second-quarter 2025 earnings, exceeding analyst expectations. The company posted adjusted earnings per share of $2.75, surpassing the forecasted $2.66, resulting in a 3.38% surprise. Revenue also outperformed predictions, reaching $10.4 billion against the anticipated $10.05 billion. Despite these strong financial results, Honeywell’s stock experienced a decline in pre-market trading, reflecting broader market uncertainty. These developments are crucial for investors tracking Honeywell’s performance. The company’s ability to exceed earnings and revenue estimates highlights its operational strength. Investors and analysts will likely continue to monitor Honeywell’s future performance closely.
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