HON Stock Price: $210 Target By Jefferies

By Amit Chowdhry ● November 22, 2020
  • Shares of Honeywell International Inc. (NYSE: HON) have received a price target increase by Jefferies from $190 to $210. These are the details.

Shares of Honeywell International Inc. (NYSE: HON) have received a price target increase by Jefferies from $190 to $210. This past week, the stock price of Honeywell fell by 1.2%, but it is up 14.22% over the last month and up 45.14% over the last 6 months.

Jefferies analyst Sheila Kahyaoglu downgraded the Honeywell shares from “Buy” to “Hold” as the brokerage said that Honeywell’s valuation is priced at an optimistic scenario and reflects expectations for above-peak earnings for 2022.

And Kahyaoglu noted that Honeywell’s current stock price implies a 2022 EPS of $9.95 compared to analyst expectations hovering somewhere between $8.60 and $8.80.

Jefferies is not the only brokerage to update their ratings for Honeywell. HSBC analyst Puneet Garg recently downgraded Honeywell to “Hold” from “Buy” with a $200 target. And towards the beginning of the month, Bank of America increased its price target from $180 to $210 and assigned Honeywell a “Buy” rating.