Barclays Raises Honeywell (HON) Price Target, Maintains Overweight Rating

Honeywell International Inc. (NASDAQ:HON) is one of the Best Industrial Automation Stocks to Buy for the Next Decade. Barclays analyst Julian Mitchell has raised the firm’s price target on Honeywell International Inc. (NASDAQ:HON) to $265 from $258, while maintaining an Overweight rating. The adjustment reflects growing confidence in Honeywell’s ability to outperform in a mixed macroeconomic environment.

Barclays Raises Honeywell (HON) Price Target, Maintains Overweight Rating

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In a note to clients, Mitchell said the multi-industry group is entering second-quarter earnings with high investor expectations. Despite soft consumer demand, most companies, including Honeywell, are well-positioned to exceed estimates and potentially raise full-year guidance. Still, Barclays noted the sector’s recent rally leaves a more balanced risk/reward setup.

Honeywell’s performance is being buoyed by strong execution across its automation, aerospace, and building technologies segments. The company’s focus on high-margin, recurring revenue from digital solutions has added resilience to its earnings profile. Continued investment in industrial software and process control systems has helped expand its presence in data-driven manufacturing and energy efficiency.

Honeywell’s emphasis on automation is aligned with global trends toward smarter infrastructure and labor-saving technologies. Its portfolio of sensors, industrial controls, and connected platforms plays a crucial role in transforming traditional industrial environments. As Q2 earnings near, investors are watching Honeywell for signals on broader capital spending and industrial demand in the second half of the year.

Honeywell delivers industrial automation through sensors, control systems, and software that optimize factory operations, energy use, and infrastructure performance.

While we acknowledge the risk and potential of HON as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than HON and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.