Deutsche Bank Raises Honeywell Price Target to $263 After Spin-Off

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Deutsche Bank raised its price target on Honeywell International to $263 from $250 while maintaining a Buy rating, following the company's spin-off and reverse stock split. The update came as Honeywell completed its planned Aerospace spinoff on June 29, transferring a 21-megawatt solar portfolio to Honeywell Aerospace. Abundant Solar Power Inc., a wholly owned subsidiary of PowerBank, will provide ongoing operations and maintenance services for the three solar projects under a newly executed agreement.

Impact on assets 4

Smart City / Autonomous Infrastructure▲
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Honeywell Aerospace Inc
HONA
± Mixedrelevance

Honeywell Aerospace is the spun-off entity, but article focuses on parent company's price target.

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Energy Transition & Power Demand▲