Honeywell Intl Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Recent options trading activity indicates a bearish sentiment towards Honeywell Intl (NASDAQ:HON), with a notable volume of trades suggesting expectations of price movements between $185.0 and $210.0. The trading activity, comprising both puts and calls, shows a split sentiment among big-money investors. Honeywell, a diversified technology and manufacturing company, has seen its stock price slightly increase by 0.61% to $198.9. An analyst from Berenberg has recently upgraded Honeywell to Buy with a price target of $240. The company is expected to announce its earnings in 38 days.
March 18, 2024 | 7:46 pm
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Bearish options trading activity observed for Honeywell Intl, with a mix of puts and calls indicating a split sentiment among investors. Berenberg upgrades HON to Buy with a $240 target price.
The bearish sentiment from options trading could temporarily pressure HON's stock price. However, the upgrade by Berenberg to a Buy rating with a higher price target of $240 suggests a positive outlook, potentially offsetting the bearish sentiment. The mixed signals from trading activity and analyst upgrade make the short-term impact neutral, as market participants may weigh the bearish options sentiment against the positive analyst outlook.
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