Jim Cramer is Enthusiastic About Honeywell (HON) Split

Company Overview - Honeywell International Inc. (NASDAQ:HON) is an industrial conglomerate currently undergoing a split into three firms, with one of them, Solstice Advanced Materials, already trading publicly [2] - The separation of Honeywell Aerospace is expected to be completed next year [2] Financial Analysis - Evercore ISI initiated coverage on Honeywell with an Outperform rating and a price target of $255 per share, citing potential benefits from economic growth [2] - TD Cowen reduced Honeywell's price target from $250 to $240 while maintaining a Buy rating, following the company's third-quarter earnings report [2] - Honeywell announced a one-time payment of $470 million related to FlexJet on December 22nd, which impacted market perception [2][3] Market Sentiment - Jim Cramer expressed enthusiasm for Honeywell's core business despite the negative impact of the FlexJet charge, emphasizing the value of the aerospace segment and the chemical company [3] - There is a belief that while Honeywell has investment potential, some AI stocks may offer higher returns with limited downside risk [3]