Jefferies, Barclays Cut Honeywell (HON) Targets After Q1, Flag Aerospace Concerns
- π Jefferies cut Honeywell's price target to $240 citing Middle East war impact on Q1 sales.
- π Barclays lowered its goal to $243 while maintaining an Overweight rating after the earnings report.
- β οΈ Analysts note the aerospace unit needs improvement to regain investment community confidence.
- π§ Honeywell's thermostatic expansion valve improves efficiency in air conditioning and refrigeration systems.
- π€ The company operates using the Honeywell Accelerator operating system and Forge platform.
- π° Jim Cramer expects a June 30 split separating industrial, automation, and airline businesses.
- π« Cramer believes the aircraft business will become fantastic once geopolitical tensions ease.
- Honeywell is included among the 10 Innovative Dividend Stocks to Buy Right Now.
- The company operates as an integrated entity serving a wide range of industries and regions.
- Honeywell develops and sells technologies across aerospace, industrial automation, building management, and energy sectors.
- Jim Cramer believes the aircraft business will become a fantastic business once the breakup is complete.
- Cramer notes that investors are making a big mistake by not respecting Honeywell's potential.
- Jefferies lowered Honeywell price target to $240 from $245 on April 26.
- Barclays cut Honeywell price goal to $243 from $255 on April 24.
- Middle East war negatively impacted Honeywell's Q1 sales performance.
- Aerospace unit requires work to win over the investment community.
- Analysts believe certain AI stocks offer greater upside potential than HON.