Honeywell price target lowered to $250 from $260 at JPMorgan
JPMorgan analyst Chigusa Katoku lowered the firm's price target on Honeywell (HON) to $250 from $260 and keeps an Overweight rating on the shares after updating the firm's model to reflect the Honeywell Aerospace (HONA) spin and updated Honeywell Technologies guidance. The firm sees upside to the midpoint of 2026 EPS guidance and thinks there is "no reason" shares can't re-rate to a sector multiple if Honeywell delivers to the mid-term algorithm it laid out, for which the firm sees "a credible pathway."
JPMorgan analyst Chigusa Katoku lowered the firm's price target on Honeywell (HON) to $250 from $260 and keeps an Overweight rating on the shares after updating the firm's model to reflect the Honeywell Aerospace (HONA) spin and updated Honeywell Technologies guidance.
The firm sees upside to the midpoint of 2026 EPS guidance and thinks there is "no reason" shares can't re-rate to a sector multiple if Honeywell delivers to the mid-term algorithm it laid out, for which the firm sees "a credible pathway."