Mizuho Securities has revised its price target for Honeywell (ticker: HON), decreasing it to $235 from a previous target of $245. Despite this adjustment, the firm maintains an Outperform rating on the company's shares. The revision comes as the firm updates its expectations for the electrical equipment and multi-industry sectors ahead of the upcoming earnings season, factoring in the anticipated slowdown in near-term demand and the potential financial impact of escalating tariffs.
Although the first-quarter indicators are generally aligning with expectations, Mizuho notes that investors' attention is shifting due to recent market developments. The analyst highlights that the intensified tariff measures, especially those affecting China, are likely to have a significant impact on financial outcomes. While some companies are preemptively adjusting their prices to counteract these tariff pressures, Mizuho warns of possible challenges and unavoidable adverse effects that might not be fully offset.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 21 analysts, the average target price for Honeywell International Inc (HON, Financial) is $231.56 with a high estimate of $300.00 and a low estimate of $196.12. The average target implies an upside of 19.22% from the current price of $194.23. More detailed estimate data can be found on the Honeywell International Inc (HON) Forecast page.
Based on the consensus recommendation from 27 brokerage firms, Honeywell International Inc's (HON, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Honeywell International Inc (HON, Financial) in one year is $232.73, suggesting a upside of 19.82% from the current price of $194.23. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Honeywell International Inc (HON) Summary page.
