Citi has lowered its price target for Honeywell International Inc after the company completed a portfolio transformation that included the separation of its HONA unit. The revised target is derived from a valuation multiple of 24 times Honeywell’s projected 2027 earnings per share of $9.60, a multiple that aligns with other automation‑exposed industrial firms trading at roughly the same multiple. The valuation also incorporates Honeywell’s ownership stake in Quantinuum. Citi analysts highlighted that Honeywell’s technology and automation portfolio appears well positioned to deliver more consistent and predictable top‑line growth, citing a simplified business mix, heightened focus on innovation and new product introductions, improving short‑cycle end‑markets, and a resilient longer‑cycle backlog and order momentum. While stranded costs are weighing on margin performance in 2026, Citi expects the company to mitigate these costs in the following year. The analysts further noted that Honeywell can enhance execution through its HON Accelerator initiative, which is expected to support margin expansion and earnings‑per‑share growth in the firm’s financial model. In parallel, Jefferies reduced its price target for Honeywell to $260 from $269.40, reflecting a similar assessment of the company’s outlook.