Honeywell International (HON)

Hold Recap: Q1 2026

Beat the Bottom Line, Miss the Top: Two Temporary Headwinds Meet a Closed Discount as the Aero Spin Firms for June 29 — Downgrading to Hold to Bank the Win

Outperform Recap: Q4 2025

The First Post-Spin Print Delivers: Orders +23%, Aerospace Margin Extends to 26.5%, and the Aero Spin Accelerates to Q3 — Maintaining Outperform

Outperform Recap: Q3 2025

The Orders Inflect, Aerospace Margin Bottoms, and Solstice Spins in a Week — Upgrading to Outperform on a De-Rated Setup Meeting a Turning Fundamental

Hold Recap: Q2 2025

A Beat-and-Raise That Sold Off 6%: Aerospace Margin Cracks, Ex-Bombardier Growth Thins, and the Real Story Is the Three-Way Split — Initiating at Hold