Honeywell inches up after BofA lifts PT on expected strong Q2 earnings

Shares of Honeywell HON.O rise about 1% to $238 in early trade

BofA Global Research lifts PT to $275 from $250, a premium of 16.6% to the stock's last close

Maintains rating at 'buy'

Expects co to beat Q2 earnings estimate as demand remains strong in its shorter-cycle business

Also says optimistic of co to tackle material slowdown in short-cycle businesses in second-half of 2025

Says HON's mergers and acquisitions and divestiture adds structural growth to co's portfolio

Further, forecasts co's Q2 adj EPS at $2.65, within Wall Street's estimate of $2.60 to $2.70

16 of 28 brokerages rate the stock "buy" or higher, 12 "hold"; their median PT is $249.50 - data compiled by LSEG

Including session moves, HON shares are up 5.3% YTD