Goldman Sachs analyst Joe Ritchie maintains $Honeywell (HON.US)$ with a buy rating, and maintains the target price at $227.
According to TipRanks data, the analyst has a success rate of 67.7% and a total average return of 16.2% 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 fell short of expectations, particularly following incrementally positive commentary that suggested results would be at the high end of the range in Q3 and management's previous optimistic statements regarding trends leading into 2025.
Following the Q3 report, there have been observations of 'less encouraging' demand patterns in some of Honeywell's key end markets, which have had an effect on the stock. Nonetheless, the company's sustained emphasis on initiatives aimed at growth, along with its potential for optimizing its portfolio, is anticipated to bolster its long-term sales growth objectives.
The company's goal to achieve a 10% earnings growth, which aligns with the midpoint of the 8-12% through-cycle growth projection, appears challenging to attain by 2025. However, a recalibration of expectations among market analysts 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.
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