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.
The industrial giant maintained its 2026 financial targets as it prepares to spin off its Aerospace unit on June 29, providing clarity on the future of both entities.
Read the full storyRBC Capital raised Honeywell's price target to $275, citing the strategic spinoff of its aerospace division and the successful Nasdaq debut of its quantum unit.
The company will host an investor call on June 8 to discuss the financial trajectory of the remaining Honeywell Technologies entity.