Goldman Sachs Lifts Honeywell (HON) Price Target Following Re-Segmentation Update

Group 1 - Honeywell International Inc. is included in Goldman Sachs' list of top dividend stock picks [1] - Goldman Sachs raised its price target for Honeywell from $236 to $262 while maintaining a Buy rating, reflecting updated estimates due to the company's re-segmentation [2] - Honeywell agreed to acquire Johnson Matthey Plc's Catalyst Technologies unit for £1.325 billion, a reduction from the initial £1.8 billion, with the deal deadline extended to July 21 [3] Group 2 - Johnson Matthey plans to return approximately £1 billion to shareholders through special dividends and share buybacks after the sale closes, indicating progress on its cash-focused strategy [4] - Honeywell operates as an integrated company serving various industries globally, supported by its Honeywell Accelerator operating system and Honeywell Forge platform [5]