Honeywell raised its profit guidance for the second half and full-year 2026, updating its EPS projections to $7.90-$8.30. This adjustment follows a 1-for-2 reverse stock split that reduced outstanding shares from 634 million to 317 million as of late June. Following the announcement, the company's stock rose 0.5% in post-market trading.
Bernstein analysts raised Honeywell's price target to $243 following a 1-for-2 reverse stock split and the reaffirmation of its 2026 sales guidance.
Read the full storyHoneywell adjusted its 2026 EPS outlook following a stock split, while IBM shares fell as major clients pivot toward in-house AI development.
The company adjusted its H2 profit targets to reflect the reduction of outstanding shares by half to 317 million.