Wells Fargo Slaps Equal Weight Rating on HON with USD 231 Price Target

Wells Fargo has given its first rating to Honeywell International Inc. (HON), setting an Equal Weight benchmark and predicting a price target of USD 231.00.

This rating is below the analyst average, with MarketBeat reporting a consensus twelve-month target of USD 251.88 from 26 analysts. The split among these analysts is 13 Buy, 12 Hold, and 1 Sell.

Honeywell's recent second-quarter numbers show revenue at USD 9.72 billion, up 3.40 percent from the same period last year. Earnings per share were USD 1.95, beating expectations of USD 1.80.

The company's market capitalization is around USD 66.9 billion, with a Nasdaq 52-week range of USD 189.91 to USD 260.28. The latest price of USD 210.94 on the Nasdaq is closer to the lower end of this span.