Honeywell Price Target Raised to $275 as Quantinuum Shares Slip
HON•RBC Capital lifted Honeywell’s price target to $275, implying a 26.7% upside as the company advances spinoffs of divisions including Honeywell Aerospace. Quantinuum shares, part of Honeywell’s quantum computing business, slipped below their offer price after debuting with a $17.63 billion valuation.
1. Price Target Increase
RBC Capital raised Honeywell’s price target to $275, forecasting a potential 26.66% upside from recent prices. RBC Capital cited strategic spinoffs as the primary driver for unlocking shareholder value.
2. Spinoff Strategy and Projections
Honeywell plans to spin off divisions including Aerospace to streamline operations and focus management efforts. The Aerospace unit is projected to deliver $4.65–4.75 billion in adjusted EBIT for 2026 and target at least $6.50 billion in annual adjusted earnings by 2030.
3. Quantinuum Trading Performance
Quantinuum shares slipped below their initial offer price in recent trading after debut. The quantum computing unit opened with a $17.63 billion valuation and surged 13.3% on its Nasdaq debut before the pullback.
