JPMorgan Turns More Constructive on Honeywell (HON) in 2026 Outlook
JPMorgan upgraded Honeywell International Inc. (HON) to Overweight and raised its price target to $255, citing a valuation gap and the undervaluation of its assets, especially its aerospace business. The upgrade comes as Honeywell's quantum computing unit, Quantinuum, plans a confidential IPO filing, and after Honeywell restructured its broader business into three standalone companies. While acknowledging Honeywell's potential, the article also suggests exploring other AI stocks with potentially greater upside.
https://finviz.com/news/292194/jpmorgan-turns-more-constructive-on-honeywell-hon-in-2026-outlook