Wolfe Research Lifts Honeywell to Outperform, Sees $293 Sum-of-the-Parts Value
Wolfe Research upgraded Honeywell to Outperform from Peer Perform and raised its sum-of-the-parts (SOTP) valuation to $293 per share, citing improved execution under new management, a forthcoming aerospace spin-off expected in early July, and increased conviction in margin expansion in 2027-2028. The firm set a year-end 2026 price target of $293, w…