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.
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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. 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. 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.
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This article is originally published at Insider Monkey.
