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Bank of America upgrades Honeywell on strong Q2 orders and raised 2026 earnings outlook

Analyst Insights
28 Jul 2026
Proactive Investors
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Bullish
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Bank of America upgraded Honeywell from 'Underperform' to 'Neutral' and raised its price target to $265 after the company reported better-than-expected Q2 results. Honeywell showed broad-based order growth across its segments, with total orders up 16% organically and a strong backlog. The bank highlighted improved execution and increased 2026 guidance, raising adjusted EPS estimates to $8.25 and segment margin forecasts. This upgrade reflects confidence in Honeywell's growth and operational improvements moving forward.

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