Honeywell (HON) call put ratio 3.6 calls to 1 put into Elliott Investment Management L.P. has built $5B-plus stake

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Honeywell International (HON) PT Raised to $240 at BofA Securities

November 13, 2024 10:15 AM EST

BofA Securities analyst Andrew Obin raised the price target on Honeywell International (NASDAQ: HON) to $240.00 (from $220.00) while maintaining a Neutral rating.

The analyst comments "On 11/12, Elliott Investment Management disclosed ownership of $5bn+ worth of Honeywell shares (equivalent to ~3% of shares). Elliotts letter... More

Honeywell International (HON) PT Raised to $253 at RBC Capital

November 13, 2024 6:45 AM EST

RBC Capital analyst Deane Dray raised the price target on Honeywell International (NASDAQ: HON) to $253.00 (from $213.00) while maintaining a Sector Perform rating.

The analyst comments "Addressing HONs chronic underperformance, activist Elliott Management on Nov-12 announced a +$5 bil/3.5% stake in Sector Perform-rated... More

Barclays on Honeywell International (HON) and Elliot Report: 'Activist involvement not a surprise'

November 12, 2024 10:52 AM EST

Barclays analyst Julian Mitchell reiterated an Overweight rating and $229.00 price target on Honeywell International (NASDAQ: HON).

The analyst comments "Following press reports (see here) that Elliott has taken a $5bn stake in HON (this has been confirmed in a letter from Elliott), we provide an update on our SoTPs below. These on average yield a share price of $251, with a FCF SoTP of $267. We do not think this news is a surprise (we do not think HON will be surprised either), as: 1. We had highlighted in our post-Q3 HON report that... More