Honeywell International

HON · NASDAQ

$213.32+$3.34 (+1.59%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $209.98

HON analyst rating

BuyConsensus of 20 analysts over the last 12 months. 65% rate it a buy.

Strong buy0
Buy13
Hold7
Underperform0
Sell0

12-month price target · 27 analysts

Average $279.92 (+31.2% upside)

Low: $217.15
Now: $213.32
High: $441.00

Upgrades and downgrades

The latest rating actions, newest first

HON analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Mizuho	Oct 15, 2026	Maintains	Outperform	$265.00 → $255.00	66%
RBC Capital	Oct 14, 2026	Maintains	Outperform	$293.00 → $270.00	43%
Citigroup	Oct 12, 2026	Maintains	Buy	$279.00 → $270.00	63%
JP Morgan	Oct 9, 2026	Maintains	Overweight	$255.00 → $240.00	64%
Wells Fargo	Sep 25, 2026	Initiates	Equal-Weight	$231.00	60%
Morgan Stanley	Aug 31, 2026	Maintains	Equal-Weight	$245.00 → $250.00	68%
RBC Capital	Aug 18, 2026	Maintains	Outperform	$298.00 → $293.00	57%
Jefferies	Aug 17, 2026	Initiates	Hold	$255.00	62%
JP Morgan	Aug 14, 2026	Maintains	Overweight	$262.00 → $255.00	64%
B of A Securities	Jul 28, 2026	Upgrade	Underperform → Neutral	$205.00 → $265.00	69%

The case for and against

Updated Oct 14, 2026

Bull case

Honeywell Intl is well positioned for outperformance because the standalone company is already showing cleaner execution, with all three segments beating operationally in 2Q26, organic orders up 16%, and management raising full-year organic growth, margin, and EPS guidance despite a -$0.13 divestiture headwind. Its outlook is supported by a higher-quality mix of recurring revenue from its installed base, where services and software are expected to expand beyond ~40% of sales toward 45%, while Forge now connects 324,000 sites and 6.4 million assets. The raised 2026 framework, including 4%-6% 2H26 organic growth, ~20.1%-20.5% segment margins, and $1.8-$2.1 billion of free cash flow, reinforces confidence in durable earnings and cash generation.

Bear case

Honeywell Intl is viewed negatively because its 2Q26 adjusted cash EPS of $2.26 missed the $2.35-$2.45 guidance range and the company’s results remain tied to cyclical end markets like commercial aerospace, oil & gas, and general industrial activity. Although organic sales rose 4.0% year over year and the firm benefits from a large installed base and recurring aftermarket revenue, the analysis highlights that a broad-based macro slowdown, weaker emerging markets, or currency pressure could quickly overwhelm that stability. With shares still trading at 19.3x 2027 EPS and only modestly discounted on EV/EBITDA, the downside risk from slower growth, margin pressure, and execution missteps appears more compelling than the upside.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.