Jim Cramer Is Enthusiastic About Honeywell’s (HON) Quantum Spinoff

Group 1 - Honeywell International Inc. (NASDAQ:HON) shares have increased by 7.9% year-to-date and 16% year-to-date [2] - JPMorgan has raised Honeywell's share price target to $255 from $218 and upgraded the rating to Overweight from Neutral, citing a valuation gap [2] - Jim Cramer has highlighted Honeywell's quantum computing division, Quantinuum, as a significant growth opportunity, believing it will be a leading player in the quantum space [3] Group 2 - Cramer emphasizes that Honeywell's recent performance indicates strong potential, particularly with the upcoming spinoff of Quantinuum, which the company owns 53% of [3] - The excitement surrounding quantum computing is expected to drive interest and investment in Quantinuum [3] - While Honeywell is seen as a promising investment, there is a belief that certain AI stocks may offer higher returns with lower risk [3]