HON Stock In The Spotlight Today After Multiple Price Target Cuts – Barclays Believes Company’s Aerospace Unit Still Has ‘Some Work To Do’

• Barclays cut its price target on Honeywell to $243 from $255 while maintaining an ‘Overweight’ rating.
• On the earnings call, the management said the ongoing geopolitical situation “warrants prudence.”
• Honeywell said the planned aerospace business spin-off is scheduled for the third quarter.

Shares of Honeywell International Inc. (HON) are drawing investor attention on Friday after multiple analysts slashed their price targets, following the industrial conglomerate's mixed first-quarter results amid the ongoing war in Iran.

​On Thursday, the company reported its first-quarter (Q1) earnings, with adjusted earnings of $2.45 per share exceeding analysts’ expectations of $2.32, while Q1 revenue of $9.14 billion missed estimates of $9.28 billion.

The Street View

​On Friday, Barclays cut its price target on Honeywell to $243 from $255 while maintaining an ‘Overweight’ rating, noting that the company's aerospace division still "has some work to do to win over the investment community," as per The Fly.

​In the first quarter, the company said aerospace technologies sales grew 3% organically year over year.

​Meanwhile, Citi trimmed its target to $257 from $265 with a ‘Buy’ rating while TD Cowen lowered its target to $230 from $240, also maintaining a ‘Buy’ rating, as it updated its model following the first-quarter results.

​According to Koyfin data, 12 of the 26 analysts recommend a ‘Buy’ rating, nine recommend a ‘Hold’ rating, three recommend a ‘Strong Buy’ rating, and two recommend a ‘Strong Sell’ rating.

​The 12-month average price target of $249.22 implies an 18% premium on the stock's current levels.

​Honeywell’s 2026 Guidance

​On the earnings call, the company’s management said the ongoing geopolitical situation “warrants prudence.” Honeywell stuck with its full-year guidance but trimmed its operating cash flow outlook to $4.4 billion to $4.7 billion, down from the previous range of $4.7 billion to $5.0 billion.

​The company also said it expects organic sales growth of 2% to 4% in the second quarter. The aerospace segment should improve from Q1, driven by rising auto production rates, higher defense spending, and supply chain improvements kicking in.

On Thursday, the company provided updates on its aerospace segment spin-off. Honeywell said it now expects to complete it on June 29, 2026, pending final board approval and other standard closing conditions.

It also announced that it has entered into an all-cash deal with private equity firm American Industrial Partners to sell its warehouse and workflow solutions business. This deal and the previously declared sale of Productivity Solutions and Services (PSS) are both expected to close in the second half of 2026, Honeywell added.

Earlier this week, the industrial conglomerate said it would sell its PSS business to Brady for $1.4 billion.

How Did Retail Traders React?

On Stocktwits, retail sentiment surrounding the stock has remained in ‘bullish’ territory amid ‘high’ message volumes.

​Shares of Honeywell have risen by more than 7% so far this year.

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