Analysts See 27% Upside Potential For Honeywell International Inc. (HON)

Honeywell International Inc. (NASDAQ:HON) is among the 10 Best Drone Stocks to Buy Right Now. On November 18, BofA downgraded the stock’s rating to Underperform from Buy and slashed its price target from $265 to $205.

BofA analysts, led by Andrew Obin, noted the company’s ongoing portfolio reshuffle, with plans to separate the Aerospace and Automation businesses by mid-2026. BofA said that while such a ‘simplification’ would generally be beneficial for any firm, it sees a ‘challenging’ path ahead.

On October 30, Honeywell International Inc. (NASDAQ:HON) announced that the spin-off of its Advanced Materials business had been completed, and a week later, it appointed Jim Currier as President and CEO of Honeywell Aerospace, which would become an independent company by the second half of next year.

Neither announcement was well received by investors, according to BofA analysts, who added that the expectation of insignificant EPS growth next year would also pressure shares.

In February this year, the industrial conglomerate announced it would separate Automation and Aerospace Technologies, and spin off Advanced Materials, to create three separate publicly listed companies by the second half of 2026.

Despite BofA’s downgrade, the stock has a one-year average share price target of $241.67 as of the close on November 26, representing an upside potential of 27.20%. Moreover, more than half of the 23 Wall Street analysts covering Honeywell International Inc. (NASDAQ:HON) have a Buy rating or higher.

Honeywell International Inc. (NASDAQ:HON) helps organizations address their most complex challenges in aviation, automation, and energy transition. The stock is down 11% year-to-date, as of the close on November 26.

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Disclosure: None.