Mizuho Securities analyst Brett Linzey maintains $Honeywell (HON.US)$ with a buy rating, and maintains the target price at $245.
According to TipRanks data, the analyst has a success rate of 73.2% and a total average return of 13.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Honeywell (HON.US)$'s main analysts recently are as follows:
Honeywell's Q3 report did not meet expectations, particularly following progressively positive remarks about being at the high end of the range for the quarter and management's hopeful discourse on the outlook towards 2025 made back in September.
Post the Q3 report, 'less encouraging' demand trends across select end markets have impacted the shares. Nonetheless, the company's relentless pursuit of growth initiatives and the potential for portfolio optimization are anticipated to underpin its target for long-term sales growth.
The company's ambition to achieve a 10% earnings growth, which is the midpoint of the projected 8-12% through-cycle growth rate, appears challenging to reach by 2025. However, it is anticipated that a recalibration of consensus figures will happen.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
