CA - Honeywell: The Aerospace Automation And Renewable Energy Trends Should Unlock Growth (Rating Upgrade)
2024-07-18 09:22:27 ET
Summary
- Honeywell stock returned 20.2% compared to the S&P 500's 29.3%, previous hold rating deemed fair.
- Analysts expect 3% revenue growth in Q2, driven by share repurchases, EPS growth at 8.1%.
- Honeywell aligning acquisitions with three megatrends, stock valuation fair with potential upside for long-term investors.