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Jim Cramer Discusses Honeywell (HON)’s Aerospace Spinoff
Yahoo Finance· 2026-02-06 14:06
Core Viewpoint - Honeywell International Inc. (NASDAQ:HON) is experiencing positive stock performance, with an increase of 11.7% over the past year and 19.4% year-to-date, driven by favorable analyst ratings and strategic business decisions [2]. Analyst Ratings - JPMorgan raised Honeywell's share price target to $255 from $218 and upgraded the rating to Overweight from Neutral, citing a higher perceived combined business value [2]. - RBC Capital maintained an Overweight rating and increased the share price target to $268 from $249, reflecting confidence in the company's growth potential [2]. Business Developments - Honeywell is planning a spinoff of its quantum computing business, which has garnered attention from analysts and investors [2]. - The aerospace unit spinoff is expected to occur earlier than initially anticipated, likely in the early second half of the year [3]. Investment Perspective - While Honeywell is viewed as a promising investment, there is a belief that certain AI stocks may offer higher returns with limited downside risk [3].