Honeywell upgraded by Bank of America on stronger order trends

Bank of America upgraded Honeywell International Inc (NYSE:HON) to 'Neutral' from 'Underperform' and increased its price objective to $265, citing stronger-than-expected Q2 performance, broad-based order growth, and raised 2026 guidance. The analysts highlighted improved execution and order strength across all three segments (Performance Aerospace & Technologies, Building Automation, Industrial Automation) as key reasons for the revised rating. Honeywell's total orders rose 16% organically, with a book-to-bill ratio over 1.1x, supporting its organic growth outlook for the latter half of 2026.