Deutsche Bank Sees Higher Value in Honeywell (HON), Raises Price Target

Core Insights - Honeywell International Inc. is recognized as one of the 14 Best American Dividend Stocks to Invest in [1] - Deutsche Bank raised its price target for Honeywell to $292 from $273, maintaining a Buy rating based on an updated sum-of-the-parts valuation [2] - Jefferies increased its price objective for Honeywell to $245 from $240, keeping a Hold rating, following the company's Form 10 filing related to the Honeywell Aerospace spin-off [3] Company Developments - Honeywell filed its Form 10 registration statement with the U.S. Securities and Exchange Commission for the spin-off of Honeywell Aerospace, which is expected to trade under the ticker "HONA" [4] - The aerospace business is projected to generate approximately $17.4 billion in net sales, $1.5 billion in net income, and $4.3 billion in adjusted EBIT by 2025, focusing on innovation to drive growth [5] - The aerospace unit will operate through three segments: Electronic Solutions, Engines & Power Systems, and Control Systems [6]