JPMorgan analyst Stephen Tusa raised the firm’s price target on Honeywell to $215 from $205 and keeps an Overweight rating on the shares. The company’s Q4 results and 2023 guidance were largely in line with expectations, says the analyst, who sees upside to the outlook.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on HON:
- Honeywell sees continuation of ‘many’ challenges faced in 2022
- Honeywell sees Q1 adjusted EPS $1.86-$1.96, consensus $2.03
- Honeywell sees FY23 adjusted EPS $8.80-$9.20, consensus $9.13
- Honeywell reports Q4 adjusted EPS $2.52, consensus $2.51
- HONEYWELL DELIVERS STRONG FOURTH QUARTER RESULTS, FULL YEAR SEGMENT MARGIN AND EARNINGS ABOVE HIGH END OF INITIAL GUIDANCE DESPITE SIGNIFICANT HEADWINDS; ISSUES 2023 GUIDANCE