Honeywell: Jefferies raises target price

Published: 2025-06-11 10:34:51 ET HON

Published on 06/11/2025 at 10:34

Jefferies announced on Wednesday that it had raised its target price for Honeywell shares from $235 to $240, while maintaining its "hold" recommendation on them.In a research note published in the morning, the broker justified its decision by citing its confidence in the growth prospects of the US industrial conglomerate, particularly regarding its aerospace technologies.Jefferies says that this division is expected to be Honeywell's main growth driver in 2025 and beyond, driven by the ramp-up of the original equipment (OE) production cycle, the continued resilience of the aftermarket and steady gains in the defense sector.While noting that commercial aircraft production has recently been hampered by lower production rates at Boeing and Airbus, the slower-than-expected ramp-up of the 737 MAX and last year's IAM union strike, the broker believes that some signs of recovery are beginning to emerge.Jefferies—which nevertheless has trimmed its adjusted EPS forecast for 2025 from $10.35 to $10.30—also said it expects Honeywell to complete its split by H2 2026.Its new target price gives the stock upside potential of around 6%.Copyright (c) 2025 CercleFinance.com. All rights reserved.The information and analyses published by Cercle Finance are provided solely as a decision-making aid for investors. Cercle Finance cannot be held liable, directly or indirectly, for the use of such information and analysis by readers. Anyone who is not an expert in the field should consult a professional advisor before investing. This information is provided for informational purposes only and does not constitute an offer to sell or a solicitation to buy.