Honeywell Likely To Report Higher Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Honeywell International Inc. (NASDAQ:HON) is expected to report higher Q2 earnings at $2.21 per share, up from $2.1 per share a year ago. The company's revenue is projected to be $9.17 billion. Honeywell's shares fell 0.7% to close at $208.26 on Wednesday. Several analysts have recently adjusted their price targets for the company, with the most recent changes ranging from $213 to $242.
July 27, 2023 | 7:12 am
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POSITIVE IMPACT
Honeywell is expected to report higher Q2 earnings, which could positively impact its stock. However, the recent 0.7% fall in share price indicates some market uncertainty. Analysts' price target changes suggest a potential upside.
The expected increase in Honeywell's Q2 earnings is a positive signal for investors, which could drive the stock price up. However, the recent drop in share price indicates some market uncertainty. The price target changes by analysts, most of which are increases, suggest a potential upside for the stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100