Honeywell International Inc. (NASDAQ:HON) is included in the number Dow's 12 Best Dogs to Invest in.
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On December 15, Evercore ISI analyst Alexander Virgo began coverage of Honeywell International Inc. shares. (NASDAQ:HON), giving the company an Outperform rating and a $255 price target. In a note to investors, he said the company's exposure to the diversified space gives investors the opportunity to benefit from strong underlying cycles.
Industrial stocks tend to outperform the broader market when growth becomes more valuable, and the firm expects to see that again in 2026, he added. With supply chains still tight and pricing pressure remaining intact, the analyst believes Honeywell is well positioned for strong earnings momentum heading into FY26. The call comes as Evercore begins covering nine companies in the U.S. and European energy and automation markets.
Separately, on December 12, Hornets Sports & Entertainment and Honeywell International Inc. (NASDAQ:HON) announced a multi-year strategic partnership that will see Honeywell become the official building automation partner of the Charlotte Hornets. As part of the agreement, Honeywell will implement its artificial intelligence-based technologies to improve safety and efficiency at two of the HSE's main sites: the Spectrum Center and the Novant Health Center, benefiting fans, players and staff.
The Spectrum Center, home of the NBA's Hornets, will undergo a major renovation with advanced security and building integration systems from Honeywell. As part of the upgrade, the level, which includes player and talent locker rooms and premium club facilities, will now be called the “Honeywell Events Level.”
Honeywell International Inc. (NASDAQ:HON) is a diversified operating company with a global presence serving customers in many industries. Its business is supported by the Honeywell Accelerator operating system and the Honeywell Forge platform.
While we recognize HON's potential as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for extremely undervalued AI stocks that could also benefit significantly from Trump-era tariffs and the onshoring trend, check out our free report on best short term AI stocks.
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