Daiwa upgraded Honeywell International Inc. to Outperform from Neutral and raised its price target to $255 from $240 following the company's aerospace spin-off completed on June 29. The firm believes the separation leaves Honeywell with a more focused portfolio and stronger strategic positioning, creating greater leverage for operational execution and capital allocation. Daiwa also cited the remaining company's solid earnings growth potential, arguing that its streamlined business mix should enable management to better capitalize on opportunities across industrial automation, energy, and advanced technologies. Earlier, Barron's identified Honeywell as an attractively valued investment, suggesting the market still values it as a traditional conglomerate rather than recognizing the worth of its individual businesses. Honeywell supplies critical control systems, specialized cooling infrastructure, and advanced software used to support next-generation nuclear fusion reactors.
Honeywell International IncDaiwa upgrade to Outperform and raised price target after aerospace spin-off, citing focused portfolio and earnings growth.