Honeywell’s (HON) Building Automation Drives Upgraded 2025 Revenue Projection

Honeywell International Inc. (NASDAQ:HON) ranks among the best drone stocks to buy according to analysts. Although Honeywell International Inc. (NASDAQ:HON) increased its 2025 revenue projection, Jefferies kept its Hold rating and $240 price target on the company on August 4, in line with the broader analyst consensus of Hold.

Honeywell’s (HON) Building Automation Drives Upgraded 2025 Revenue Projection

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Due to advancements in its Building Automation (BA) division, which was previously predicted to expand at mid-single digits, Honeywell International Inc. (NASDAQ:HON) raised its organic revenue prediction for 2025 by two percentage points.

According to year-to-date short cycle improvement, the company’s Industrial Automation (IA) segment outlook also improved, going from a mid-single digit decrease to a low-to-mid-single digit decline. In the first half, BA was up 8%, while IA was down just 2%.

Honeywell International Inc. (NASDAQ:HON) is a multinational conglomerate headquartered in Charlotte, North Carolina. Performance materials and technology, building automation, aircraft, and safety and productivity solutions are the company’s four main business sectors.

While we acknowledge the potential of HON to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HON and that has 100x 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.