Barclays, Jefferies raise PT on Honeywell's filing related to aerospace unit spinoff
At least two brokerages raise their price target on industrial conglomerate Honeywell HON.O after the company filed its Form 10 registration statement with the U.S. securities regulator on Tuesday
The filing contains details of key financials ahead of HON's planned aerospace spin in Q3-2026
Barclays says HON's stronger free cash flow, manageable stand-up costs, and a solid balance sheet, boosts confidence in co's aerospace business as an independent company
Adds co's R&D spending has remained steady, and its aerospace business appears to be investing at a healthy level relative to peers
18 of 30 brokerages rate the stock "buy" or higher, 11 "hold" and 1 "sell" ; their median PT is $240-data compiled by LSEG
As of last close, stock had risen 25% YTD
Brokerage | New PT | Old PT | New PT upside from the stock's last close |
Barclays | $275 | $259 | 12.8% |
Jefferies | $245 | $240 | 0.47% |
