Honeywell Likely To Report Higher Q3 Revenue; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Honeywell International Inc. HON is expected to release financial results for its third quarter, before the opening bell on Oct. 26, 2023.

Analysts expect the company to post quarterly earnings at $2.23 per share, down from year-ago earnings of $2.25 per share. The company’s revenue might come in at $9.23 billion, compared to $8.98 billion in the year-ago period.

Honeywell recently disclosed the realignment of its business segments to drive organic sales growth and inorganic capital deployment.

Honeywell shares fell 1.9% to close at $178.09 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• UBS analyst Chris Snyder maintained a Sell rating and cut the price target from $185 to $180 on July 28, 2023. This analyst has an accuracy rate of 69%.
• Morgan Stanley analyst Joshua Pokrzywinski maintained an Equal-Weight rating and increased the price target from $213 to $219 on May 1, 2023. This analyst has an accuracy rate of 74%.
• RBC Capital analyst Deane Dray maintained a Sector Perform rating and raised the price target from $208 to $210 on April 28, 2023. This analyst has an accuracy rate of 67%.
• Citigroup analyst Andrew Kaplowitz maintained a Buy rating and boosted the price target from $240 to $242 on April 28, 2023. This analyst has an accuracy rate of 80%.
• Deutsche Bank analyst Nicole Deblase maintained a Buy rating and cut the price target from $235 to $228 on April 12, 2023. This analyst has an accuracy rate of 79%.

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