RBC Capital raised Honeywell's price target to $275 as the company prepares to spin off major divisions, including Honeywell Aerospace, to improve operational efficiency. Following a strong Nasdaq debut, Honeywell's quantum computing unit, Quantinuum, reached a valuation of $17.63 billion. The company has reaffirmed its full-year 2026 financial guidance ahead of the Aerospace spin-off, which is officially scheduled to take place on June 29, 2026.
