In a report released today, Gautam Khanna from TD Cowen maintained a Buy rating on Honeywell International (HON – Research Report), with a price target of $230.00.
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Gautam Khanna has given his Buy rating due to a combination of factors that highlight Honeywell International’s strategic maneuvers and financial resilience. The company’s strong first-quarter results and manageable tariff pressures are significant contributors to this positive outlook. Honeywell’s ability to offset tariff impacts through pricing strategies and cost actions, alongside its robust manufacturing footprint, positions it well against potential demand erosion, particularly in the Chinese market.
Furthermore, Honeywell’s portfolio updates, including the planned spin-off of its Aerospace division and the anticipated sale of its PPE business, indicate a strategic focus on core operations. The company’s intensified stock buyback program and upward revisions in earnings guidance further bolster investor confidence. These elements, combined with the expected neutral impact of the Sundyne acquisition and potential future gains from Quantinuum’s developments, underpin Khanna’s Buy rating for the stock.
In another report released on April 22, Mizuho Securities also maintained a Buy rating on the stock with a $235.00 price target.