Jim Cramer Makes Big Revelation About Honeywell (HON) & Iran War

We recently published Jim Cramer Discussed Expensive Phones, A Cheap Stock Sector & These 18 Stocks. Honeywell International Inc. (NASDAQ:HON) is one of the stocks discussed by Jim Cramer.

Honeywell International Inc. (NASDAQ:HON) is one of the largest industrial conglomerates in the world. Its shares are up by 9.6% over the past year and by 16% year-to-date. RBC Capital discussed the firm on June 5th. It raised the share price target to $275 from $268 and kept an Outperform rating on the stock. The financial firm discussed Honeywell International Inc. (NASDAQ:HON)’s Investor Day that occurred on June 11th and remarked that it expected the firm to post mid-digit organic growth. On the 11th, the firm released a press release. In it, its CEO commented that the firm expects “our enhanced strategic focus will deliver 4% – 6% organic growth, more than 60 basis points of margin expansion annually, and over 10% earnings growth annually at over 90% free cash flow conversion over the next three years.” Crmaer discussed Honeywell International Inc. (NASDAQ:HON) in the context of the LNG disruption:

“Yeah I think that’s possible. I spoke to the people at Honeywell Technologies, they’re all set. They do a lot of the heat exchangers which is really the critical part of LNG. I was surprised to know that really is it. And they showed it off.”

Jim Cramer Makes Big Revelation About Honeywell (HON) & Iran War

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 the cheapest AI stock.

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