Bank of America Upgrades Honeywell to 'Neutral' Amid Stronger Order Trends
On July 28, Bank of America upgraded its rating for Honeywell International (NYSE:HON) from 'Underperform' to 'Neutral', citing stronger-than-expected second-quarter performance and improved visibility into the company's growth outlook. The firm raised its price target to $265 per share from $220, reflecting confidence in broad-based order strength across all three business segments. The analysts highlighted Honeywell’s strong execution, with total orders reaching $5.7 billion—up 16% organically—and a book-to-bill ratio above 1.1x. The upgrade also follows management raising its guidance for organic growth and adjusted earnings per share in 2026. Bank of America noted that the improved performance has alleviated concerns around aerospace execution, inconsistent operations, and limited visibility into future growth.
Topics: Bank of America Earnings Performance Honeywell Stock Rating Change