Honeywell International Inc. (NASDAQ:HON) has recently made headlines as one of the top income stocks to buy now. According to a report by Barclays analyst Julian Mitchell, the firm has lowered its price target on Honeywell to $250 from $269, while maintaining an Overweight rating on the shares. This update follows the company’s fiscal fourth-quarter report and a refresh of the firm’s model. Mitchell noted that investor interest in Honeywell could see an uptick in the spring of 2026, as the company approaches its capital markets day and prepares for the planned aerospace spinoff.
On December 22, Honeywell released supplemental financial information for 2024 and year-to-date 2025, reflecting a revised business segment structure set to take effect in the first quarter of 2026. The company also announced that it will begin reporting its Advanced Materials business as discontinued operations starting in the fourth quarter of 2025, following the successful spinoff of Solstice Advanced Materials in October. As a result, Honeywell adjusted its full-year and fourth-quarter 2025 guidance, while reaffirming its expectations for fourth-quarter performance.
Additionally, Honeywell provided an update on litigation related to Flexjet, expecting a one-time charge in the fourth quarter associated with these matters. The charge is not anticipated to impact non-GAAP results or guidance, with potential settlements including one-time cash payments totaling approximately $470 million in aggregate.
As an integrated company serving a diverse range of industries and regions, Honeywell operates with the support of the Honeywell Accelerator operating system and the Honeywell Forge digital platform. While Honeywell shows promise as an investment, some AI stocks may offer greater upside potential with lower downside risk. For investors seeking undervalued AI stocks, a free report on the best short-term AI stock is available for consideration.
In conclusion, Honeywell International Inc. continues to be a key player in the market, with strategic moves and updates shaping its future trajectory. Investors are advised to stay informed on developments within the company and the industry as a whole.
