Jefferies, Barclays Cut Honeywell (HON) Targets After Q1, Flag Aerospace Concerns

Honeywell International Inc. (NASDAQ:HON) is included among the 10 Innovative Dividend Stocks to Buy Right Now.

On April 26, Jefferies lowered its price recommendation on Honeywell International Inc. (NASDAQ:HON) to $240 from $245. It reiterated a Hold rating on the shares. The firm said the Middle East war hurt the company’s sales in Q1.

On April 24, Barclays lowered its price goal on Honeywell to $243 from $255. It maintained an Overweight rating following the Q1 report. The firm said the company’s aerospace unit “has some work to do to win over the investment community.”

One of the company’s key innovations is the thermostatic expansion valve (TXV). This component is used in air conditioning and refrigeration systems. It regulates the flow of refrigerant and helps maintain proper temperature and pressure. That improves the overall efficiency of cooling systems.

Honeywell International Inc. (NASDAQ:HON) operates as an integrated company serving a wide range of industries and regions. Its portfolio is supported by the Honeywell Accelerator operating system and the Honeywell Forge platform.

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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