Honeywell, US4385162056

JPMorgan cuts target for Honeywell stock from USD 255 to USD 240

Published on 10/20/2026 at 10:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Honeywell stock costs EUR 187.51 on October 20, 2026, 0.46 percent below the Xetra close. Results are due October 22, 2026, at 8:30 a.m. ET.

Catalysts and key dates

Dangote selected Honeywell for a USD 300 million refinery role on September 30, 2026.
Second-quarter 2026 revenue reached USD 9.72 billion, with adjusted earnings per share of USD 1.95.
Honeywell stock trades at EUR 187.51 at 10:43 a.m. CEST at Lang & Schwarz on October 20, 2026, 0.46 percent below the Xetra close of October 19, 2026.
JPMorgan cut its Honeywell target to USD 240 on October 9, 2026.

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Honeywell stock (ISIN US4385162056) was trading at EUR 187.51 at Lang & Schwarz on October 20, 2026, at 10:43 a.m. CEST, 0.46 percent below the Xetra close of October 19, 2026 at EUR 188.38. According to MarketBeat on October 9, 2026, JPMorgan cut its target for Honeywell from USD 255 to USD 240 while retaining an overweight rating. The upcoming results will test whether the refinery win and automation strategy can offset a more cautious valuation view.

Target cut sets the tone

JPMorgan's move leaves the analyst debate focused on execution rather than a single contract. MarketBeat reported that the target reduction came with an overweight rating, while the average target in its cited coverage was USD 251.28 and the consensus rating was Hold. Those figures provide a useful counterweight to the refinery announcement because they show that a positive project headline has not removed valuation concerns.

Three milestones since July

The recent sequence started on July 23, 2026, when Honeywell reported second-quarter revenue of USD 9.72 billion and adjusted earnings per share of USD 1.95, compared with a consensus estimate of USD 1.80, according to MarketBeat. On September 30, 2026, Dangote selected Honeywell for process technologies and digital solutions for a planned 700,000-barrel-per-day refinery in Kenya. Zacks said Honeywell's expected scope was USD 300 million. JPMorgan's October 9 target cut is the latest of the three milestones.

What does October 22 bring?

Honeywell is scheduled to report third-quarter 2026 results on October 22, 2026, before the market opens, with an earnings call at 8:30 a.m. ET, according to MarketBeat. The same report cites third-quarter guidance of USD 2.05 to USD 2.20 for earnings per share and a consensus revenue forecast of USD 5.01 billion. The company also declared a quarterly dividend of USD 0.70 per share, payable on December 4, 2026, with November 13, 2026 as the ex-dividend date.

Price stays below the prior close

For investors, the immediate signal is restrained: the Lang & Schwarz indication is below the previous Xetra session, while the next earnings release supplies a near-term test for the automation and process-technology narrative. Honeywell was trading at EUR 187.51 at Lang & Schwarz on October 20, 2026, at 10:43 a.m. CEST, 0.46 percent below the Xetra close of October 19, 2026 at EUR 188.38. The further course of trading is shown by the continuously updated real-time quote of Honeywell stock.