Jefferies Raises Honeywell Price Target to $240 on Strong Performance, Reiterates 'Hold'

Jefferies has reiterated its "Hold" rating for Honeywell International Inc. (HON) while significantly raising its price target. The firm increased the target to $240 from $220, reflecting confidence in the company's recent performance. This adjustment follows Honeywell's robust fourth-quarter 2025 results, which showcased strong organic growth. The company also reported a substantial increase in orders and a growing backlog of business. Furthermore, Honeywell maintains a positive outlook for 2026, underpinned by ongoing strategic changes aimed at future growth.