Where Will Honeywell Be in 1 Year?
(NASDAQ: HON) is a $130 billion market cap industrial Goliath. It operates businesses that span from automation to aerospace to advanced materials. The company is an icon on Wall Street today, but in a little over a year the situation is likely to be vastly different. Here's what you need to know if you're looking at Honeywell right now.
Although correctly classified as an industrial company, Honeywell is really best thought of as an industrial conglomerate. That basically means the company operates in a number of different businesses, each with its own nuances. This isn't an uncommon practice, but there's a pendulum on Wall Street. Sometimes investors want to see companies grow larger through acquisitions, effectively creating conglomerates. And at other times investors want companies to slim down and specialize, which for existing conglomerates means breaking themselves apart.
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Source Fool.com
Honeywell International Stock
The stock is an absolute favorite of our community with 25 Buy predictions and no Sell predictions.
With a target price of 232 € there is a slightly positive potential of 14.03% for Honeywell International compared to the current price of 203.45 €.
