JPMorgan Turns More Constructive on Honeywell (HON) in 2026 Outlook

Group 1 - Honeywell International Inc. is recognized as one of the 12 Best Dow Jones Dividend Stocks to Buy According to Hedge Funds [1] - JPMorgan upgraded Honeywell from Neutral to Overweight and raised its price target from $218 to $255, citing a valuation gap and a disconnect between the share price and the value of Honeywell's assets, particularly in aerospace [2] - Honeywell's majority-owned quantum computing unit, Quantinuum, plans to confidentially file draft IPO papers with US regulators, aiming to capitalize on the growing interest in quantum technology [3][4] Group 2 - Quantinuum raised approximately $600 million from investors, including Nvidia's venture capital arm, at a valuation of $10 billion, and serves notable customers such as Honeywell, Airbus, BMW Group, HSBC, and JPMorgan Chase [4] - Honeywell has restructured its business into three standalone companies focused on automation, aerospace, and advanced materials, divesting smaller units to enhance its automation segment [5] - Honeywell operates as an integrated company across various industries, supported by its Honeywell Accelerator operating system and Honeywell Forge platform [5]