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Analysts Offer Insights on Industrial Goods Companies: Honeywell International (HON) and HEICO (HEI)

Tipranks - Tue Jun 2, 6:52AM CDT

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Honeywell International (HON) and HEICO (HEI).

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Honeywell International (HON)

Citi analyst Andrew Kaplowitz maintained a Buy rating on Honeywell International today and set a price target of $257.00. The company’s shares closed last Friday at $237.86, close to its 52-week high of $242.77.

According to TipRanks.com, Kaplowitz is a top 100 analyst with an average return of 26.0% and a 66.8% success rate. Kaplowitz covers the Industrial Goods sector, focusing on stocks such as Madison Air Solutions Corp. Class A, Mayville Engineering Company, and Atkore International Group. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Honeywell International with a $252.82 average price target, an 8.5% upside from current levels. In a report issued on May 27, Barclays also maintained a Buy rating on the stock with a $251.00 price target.

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HEICO (HEI)

In a report released today, Gavin Parsons from UBS maintained a Hold rating on HEICO, with a price target of $390.00. The company’s shares closed last Friday at $348.18.

According to TipRanks.com, Parsons is a 4-star analyst with an average return of 10.3% and a 64.4% success rate. Parsons covers the Industrial Goods sector, focusing on stocks such as L3Harris Technologies, StandardAero, Inc., and Howmet Aerospace. ;'>

Currently, the analyst consensus on HEICO is a Moderate Buy with an average price target of $393.25, representing a 12.4% upside. In a report issued on May 27, Morgan Stanley also maintained a Hold rating on the stock with a $360.00 price target.

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