Honeywell Seen With Positive Momentum Despite Noisy Outlook -- Market Talk

Dow Jones01-16

1037 ET - Don't get thrown off by the noise in Honeywell's 2026 outlook, JPMorgan analysts write in a note, upgrading the stock to overweight. Enterprise estimates for 2026 may be lowering, they write, but "this is less relevant than ever, due to portfolio moves, and the coming breakup and organic trends are better than that, as per core growth of 5%." Messiness in the outlook, in part reflecting Honeywell's aerospace spinoff, is likely to be cleared up with future guidance. "Stripping out the portfolio noise, positive momentum in the top line is expected to be coupled with some margin expansion next year," they write. "Bottom line, we think the company is setting up to be a cleaner story heading into the year of the spin with the bulk of dilutive portfolio actions behind." (elias.schisgall@wsj.com)

(END) Dow Jones Newswires

January 16, 2026 10:37 ET (15:37 GMT)

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