Barclays analyst Julian Mitchell maintains $Honeywell (HON.US)$ with a buy rating, and adjusts the target price from $229 to $252.
According to TipRanks data, the analyst has a success rate of 70.2% and a total average return of 17.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Honeywell (HON.US)$'s main analysts recently are as follows:
The firm anticipates an increase in Honeywell's value based on free cash flow and a sum-of-the-parts analysis, projecting potential appreciation by 2025. Additionally, there is an optimistic scenario for further upside by the end of 2026.
The firm is encouraged by the potential for more significant portfolio adjustments following a letter to the company's Board. However, it is anticipated that it will take time for the Board to deliberate and for any subsequent measures to be implemented, which suggests that it may not be until 2026 before any potential spin-offs occur.
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.
