-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
We trim our 12-month target to $250 from $260 following a mixed Q1 print, valuing shares at 21.5x our 2027 EPS outlook of $11.65 (lowered from $11.75; 2026 EPS estimate raised by $0.02 to $10.60). HON delivered mixed top-line results in Q1 2026, with overall organic sales growing 2% as strong 8% growth in Building Automation was offset by headwinds elsewhere. Specifically, Aerospace growth was held to just 3% by temporary supply chain constraints, while Process Automation & Technology sales declined 6% due to project timing. In contrast to modest sales growth, profitability was broadly positive, with segment margin expanding 90 bps to 23.3%, supported by strong pricing, productivity gains, and removal of stranded costs. Regarding its portfolio transformation, the company announced it is tracking ahead of schedule, setting a completion date of June 29, 2026, for the upcoming Aerospace spin-off and confirming that financing and leadership teams for both companies are in place.