Deutsche Bank Sees Higher Value in Honeywell (HON), Raises Price Target

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Deutsche Bank has raised its price target for Honeywell International Inc. (HON) to $292 from $273, reiterating a Buy rating based on an updated sum-of-the-parts valuation. This adjustment follows Honeywell’s Form 10 filing for the planned spin-off of Honeywell Aerospace (HONA), which Jefferies also analyzed, raising its price objective to $245. The aerospace unit, expected to trade on Nasdaq as “HONA,” projects $17.4 billion in net sales for 2025 and plans to focus on innovation for growth across its three segments.

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