Wells Fargo analyst Joe O'Dea maintains $Honeywell (HON.US)$ with a hold rating, and adjusts the target price from $254 to $240.
According to TipRanks data, the analyst has a success rate of 62.3% and a total average return of 10.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Honeywell (HON.US)$'s main analysts recently are as follows:
Initial 2025 guidance in the space is anticipated to lead to negative revisions in consensus estimates. Factors such as recent dollar strength significantly contribute to these potential headwinds. Currency pressures are largely recognized, so any initial guidance ranges falling below consensus may not be unexpectedly received.
The outlook for Defense and IT services revenue seems balanced and devoid of positive catalysts, according to analyses in a 2025 outlook for the Aerospace and Defense Electronics sector. The preference for the Commercial Aero sector remains unchanged into 2024, and the focus is expected to be on names heavy in the 2025 aftermarket.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
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.
