Wells Fargo Rates Honeywell Equal Weight with USD 231 Target

Wells Fargo has initiated coverage of Honeywell International Inc. (ISIN US4385162056) with an Equal Weight rating and a USD 231.00 price target, according to a report by MarketBeat on September 25, 2026. This neutral stance contrasts with the broader analyst consensus, which includes 26 analysts with a Hold rating, consisting of 13 Buys, 12 Holds, and 1 Sell. The average 12-month price target among these analysts is USD 251.88, making Wells Fargo's target notably lower.

Honeywell's stock was trading at EUR 190.55 at Lang & Schwarz on October 5, 2026, up 0.43 percent from the previous close of EUR 189.73. The company, listed on the Nasdaq under the ticker HON, operates in the Industrials sector and Conglomerates industry, focusing on automation technologies. The company reported second-quarter 2026 revenue of USD 9.72 billion, a 3.40 percent increase from the same period last year, and earnings per share of USD 1.95, surpassing the consensus estimate of USD 1.80.

The next earnings report, scheduled for October 22, 2026, will be a critical checkpoint for investors. Honeywell has provided third-quarter guidance ranging from USD 2.05 to USD 2.20 in earnings per share and fourth-quarter guidance ranging from USD 2.28 to USD 2.43. Management also outlined a target of roughly 60 basis points of annual margin expansion and USD 12.00 adjusted earnings per share by 2029 during a Morgan Stanley conference on September 15, 2026.

As of October 2, 2026, Honeywell's market capitalization stood at USD 67.8 billion, with a 52-week range of USD 195.87 to USD 260.28. The stock's performance and upcoming earnings will test whether the company can sustain its revenue growth and meet its organic growth framework of 4.00 percent to 6.00 percent.