Barclays Sees Renewed Investor Interest in Honeywell (HON) into Spring 2026

Core Viewpoint - Honeywell International Inc. is experiencing renewed investor interest, particularly as it approaches significant corporate events in 2026, despite a recent price target reduction by Barclays [2]. Group 1: Financial Updates - Barclays analyst Julian Mitchell lowered the price target for Honeywell to $250 from $269 while maintaining an Overweight rating [2]. - Honeywell released supplemental financial information for 2024 and year-to-date 2025, reflecting a revised business segment structure expected to take effect in Q1 2026 [3]. - The company adjusted its full-year and fourth-quarter 2025 guidance, reaffirming expectations for fourth-quarter performance [4]. Group 2: Business Operations - Honeywell will report its Advanced Materials business as discontinued operations starting in Q4 2025, following the successful spin of Solstice Advanced Materials [4]. - The company expects a one-time charge in Q4 related to litigation tied to Flexjet, with potential settlements involving cash payments totaling approximately $470 million [5]. Group 3: Company Overview - Honeywell operates as an integrated company serving a diverse range of industries and regions, supported by the Honeywell Accelerator operating system and the Honeywell Forge digital platform [6].