Honeywell Boosts 2025 Revenue Projection on Building Automation Growth

Honeywell International (HON) has raised its 2025 revenue projection due to advancements in its Building Automation (BA) division, which was previously expected to expand at mid-single digits. The company's Industrial Automation (IA) segment outlook has also improved, shifting from a mid-single digit decrease to a low-to-mid-single digit decline. Despite this, Jefferies maintains a Hold rating and $240 price target on HON.

Title: Honeywell International (HON) Raises 2025 Revenue Projection Amid Positive Segment Outlook

Charlotte, North Carolina-based Honeywell International Inc. (HON) has announced an upward revision to its 2025 revenue projection, driven by advancements in its Building Automation (BA) division. The company's Industrial Automation (IA) segment outlook has also improved, shifting from a mid-single digit decrease to a low-to-mid-single digit decline. Despite these positive developments, Jefferies maintains a Hold rating and a $240 price target on HON [2].

Honeywell International's Building Automation division has shown significant growth, with the company raising its organic revenue prediction for 2025 by two percentage points. This improvement was primarily driven by advancements in the division's capabilities. The Industrial Automation segment also saw an improvement in its outlook, shifting from a mid-single digit decrease to a low-to-mid-single digit decline, according to the company's latest financial reports [2].

Jefferies analyst maintains a Hold rating on HON, with a price target of $240, aligning with the broader analyst consensus. The company's robust earnings surprise history and positive outlook on its segments have not been sufficient to sway the analyst to a more favorable rating. Despite these mixed signals, Honeywell International continues to be a significant player in the industrial sector, with a market cap of $137.4 billion and over 100,000 employees worldwide [1, 3].

References:
[1] https://www.barchart.com/story/news/34099041/are-wall-street-analysts-predicting-honeywell-international-stock-will-climb-or-sink
[2] https://finance.yahoo.com/news/honeywell-hon-building-automation-drives-043359075.html
[3] https://finance.yahoo.com/news/wall-street-analysts-predicting-honeywell-063534964.html