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Benzinga
Benzinga
Business
Anusuya Lahiri

Honeywell Set To Soar? Analyst Says Smart Price Hikes, Solid Backlog, M&A Could Drive Big Gains

Honeywell HON Andrew Obin BofA Honeywell International Aerospace
Honeywell

BofAmerica Securities analyst Andrew Obin maintained a Buy on Honeywell International (NASDAQ:HON) and increased the price target from $250 to $275 on Monday.

Obin noted Honeywell as a top pick heading into second-quarter 2025 earnings, with expectations for a beat-and-raise quarter that could push the stock higher. Despite multiple expansions, Honeywell shares continue to trade at a discount of approximately 12% on an EV/EBITDA basis relative to peers, suggesting room for further re-rating, as per the analyst.

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