Eaton to Spin Off Vehicle and E-Mobility Segments
Written by Emily J. Thompson, Senior Investment Analyst
Source: CNBC
- Market Performance: Stocks rose on Monday, signaling the start of a busy earnings season with reports from companies like Corning, Boeing, and Danaher, reflecting market optimism ahead of upcoming earnings releases.
- Eaton Spin-Off Plan: Eaton announced plans to spin off its vehicle and e-mobility segments into a new publicly traded company, which, despite representing only 11% of its Q3 revenue, will allow a sharper focus on electrical and aerospace divisions, expected to enhance organic growth and operating margins immediately.
- Cisco Stock Surge: Cisco shares jumped nearly 3% after Evercore ISI upgraded the company to a buy-equivalent rating and raised its price target from $80 to $100, indicating a potential upside of about 34%, with analysts citing strong growth prospects in sales and EPS over the coming years.
- Investment Club Trade Alerts: Subscribers to the CNBC Investing Club receive trade alerts before Jim executes trades, with a 45-minute waiting period post-alert to ensure transparency and strategic execution.
Analyst Views on HON
Wall Street analysts forecast HON stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HON is 235.07 USD with a low forecast of 195.00 USD and a high forecast of 262.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
8 Buy
6 Hold
1 Sell
Moderate Buy
Current: 221.160
Low
195.00
Averages
235.07
High
262.00
Current: 221.160
Low
195.00
Averages
235.07
High
262.00
About HON
Honeywell International Inc. is an integrated operating company serving a range of industries and geographies around the world, with a portfolio that is underpinned by its Honeywell Accelerator operating system and Honeywell Forge platform. The Company provides actionable solutions for aerospace, building automation, industrial automation, process automation, and process technology. The Company supplies products, software, and services for aircrafts that it sells to original equipment manufacturers (OEM) and other customers in a variety of end markets. The Company’s portfolio of solutions and services is used in buildings worldwide for fire prevention, controls, access and security. Its offerings serve as the fundamental building blocks of industrial automation. Its sensor technologies and value-added smart edge devices offer connectivity across a variety of sensing and measurement applications. The Company offers a comprehensive portfolio of end-to-end process automation solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
