Daiwa upgraded Honeywell International Inc. to Outperform from Neutral on June 30, 2026. The firm raised its price target for the stock to $255 from $240.
The upgrade follows the June 29 completion of Honeywell’s aerospace division spin-off. The new independent entity began trading on Nasdaq under the ticker HONA.
Daiwa cited strong earnings growth prospects for the streamlined company as the primary driver for the rating change. Honeywell will now focus its operations on industrial automation, energy solutions, and building technologies.
The strategic separation aims to enhance operational efficiency and profitability across these core sectors.