Wells Fargo analyst Joe O'Dea maintains $Honeywell (HON.US)$ with a hold rating, and maintains the target price at $240.
According to TipRanks data, the analyst has a success rate of 61.1% and a total average return of 9.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Honeywell (HON.US)$'s main analysts recently are as follows:
Initial guidance for 2025 is anticipated to lead to negative revisions in consensus estimates, largely driven by recent strength in the dollar. It is believed that currency pressures are widely recognized, implying initial guidance ranges falling below consensus may not be surprising.
According to an analyst, the revenue outlook for Defense and IT services appears balanced and lacks positive catalysts in the Aerospace and Defense Electronics sector. For 2024, the preferred sector remains Commercial Aero, with no changes anticipated. In 2025, emphasis is placed on aftermarket heavy names within the sector.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
