Goldman Sachs Lifts Honeywell (HON) Price Target Following Re-Segmentation Update

On February 23, Goldman Sachs raised its terms proposal connected Honeywell International Inc. (NASDAQ:HON) to $262 from $236. The steadfast maintained a Buy standing connected the shares. Analysts said they updated their estimates to bespeak the company’s re-segmentation, according to a probe note.

That aforesaid day, Bloomberg reported that Honeywell agreed to proceed with its acquisition of Johnson Matthey Plc’s Catalyst Technologies unit. The terms was reduced to £1.325 billion, down from the archetypal £1.8 cardinal announced successful May. The companies besides pushed the woody deadline to July 21, with an enactment to widen it to August if needed.

After the merchantability closes, Johnson Matthey plans to instrumentality astir £1 cardinal to shareholders. This volition hap done a peculiar dividend and stock buybacks. The institution said it is making dependable advancement connected its cash-focused strategy and expects results to stay successful enactment with its 2025–2026 outlook.

Johnson Matthey’s shares person risen astir 60% implicit the past year. The summation followed the archetypal announcement of the deal, showing beardown capitalist effect to the planned changes.

Honeywell International Inc. (NASDAQ:HON) operates arsenic an integrated institution serving industries crossed planetary markets. Its portfolio is supported by the Honeywell Accelerator operating strategy and the Honeywell Forge platform.

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