Morgan Stanley analyst Christopher Snyder maintains $Honeywell (HON.US)$ with a hold rating, and maintains the target price at $210.
According to TipRanks data, the analyst has a success rate of 52.4% and a total average return of 6.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Honeywell (HON.US)$'s main analysts recently are as follows:
The company's Q3 report was perceived as weaker than expected, particularly following progressively positive remarks about being at the high end of the range for the quarter and management's previously optimistic discourse regarding 2025 projections conveyed in September.
Subdued demand across certain end markets influenced Honeywell's performance following the Q3 report, affecting the stock. Nevertheless, the company's persistent dedication to growth initiatives and the potential for portfolio optimization are expected to eventually underpin its long-term sales growth objectives.
After the Q3 report, it appears challenging for the company to achieve the mid-point of its projected 8-12% through-cycle earnings growth by 2025. However, a recalibration of expectations amongst investors is anticipated.
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.
