Deutsche Bank Sees Higher Value in Honeywell (HON), Raises Price Target

Honeywell International Inc. (NASDAQ:HON) is included among the 14 Best American Dividend Stocks to Invest in.

On March 4, Deutsche Bank raised its price recommendation on Honeywell International Inc. (NASDAQ:HON) to $292 from $273. It reiterated a Buy rating on the stock. The firm said the change reflects an updated sum-of-the-parts valuation for the company.

That same day, Jefferies also adjusted its view on the stock. The firm lifted its price objective on Honeywell to $245 from $240. The firm maintained a Hold rating. The update followed the company’s Form 10 filing, which provides financial details related to the planned Honeywell Aerospace (HONA) spin-off expected in Q3.

A day earlier, on March 3, Honeywell said it had filed its Form 10 registration statement with the U.S. Securities and Exchange Commission for the spin-off of Honeywell Aerospace. The new entity is expected to trade on the Nasdaq under the ticker “HONA.” A copy of the filing is available on the SEC website and on Honeywell’s Investor Relations page.

In the filing, the company laid out its expectations for the future aerospace business. Honeywell said Honeywell Aerospace could generate about $17.4 billion in net sales, $1.5 billion in net income, and $4.3 billion in adjusted EBIT in 2025. The aerospace unit plans to lean on innovation to drive growth. Management said the focus will be on improving efficiency, safety, and connectivity across aircraft fleets. The business is also looking to expand retrofit and upgrade programs, support next-generation aircraft platforms, and capture more opportunities in the aftermarket.

The company expects the aerospace business to operate through three segments: Electronic Solutions, Engines & Power Systems, and Control Systems.

Honeywell International Inc. (NASDAQ:HON) is an integrated company serving industries across multiple regions. Its portfolio is supported by the Honeywell Accelerator operating system and the Honeywell Forge platform.

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