New York, January 21, 2026, 12:32 (EST) — Regular session
- Honeywell shares rose roughly 0.8% to $216.76 by midday, after fluctuating between $214.70 and $220.15 earlier in the session
- Argus boosted its price target for Honeywell to $250, up from $225, while keeping its buy rating intact
- Attention shifts to the Fed’s Jan. 27-28 meeting, with Honeywell’s Jan. 29 quarterly report and 2026 outlook also in focus
Shares of Honeywell International Inc. ticked up roughly 0.8% on Wednesday, hitting $216.76 in the last trade, after Argus raised its price target on the industrial giant and reaffirmed its buy rating. The stock fluctuated between $214.70 and $220.15, with around 2.1 million shares changing hands by midday. (MarketScreener)
The move is significant as Honeywell just ended a seven-day winning streak with a 2.0% drop on Tuesday, closing at $215.07. Despite the decline, it outperformed several industrial peers during a wider market selloff. (MarketWatch)
Investors are eyeing a key date: Honeywell plans to release its fourth-quarter results and 2026 outlook before the market opens on Thursday, Jan. 29. The company will follow up with a conference call at 8:30 a.m. EST. (Honeywell)
The report arrives as Honeywell reshuffles how it breaks down its business. In October, the company announced a new segment structure set to begin on Jan. 1, 2026. It also confirmed that the aerospace spin-off remains scheduled for the second half of 2026. (Honeywell International Inc.)
Global stocks bounced back Wednesday, reversing losses from the day before after President Donald Trump took a milder stance on Greenland in Davos. The Dow, S&P 500, and Nasdaq each climbed roughly 1%, according to Reuters. “It wasn’t so much what president said that mattered as what he didn’t say,” noted Brian Jacobsen, chief market strategist at Annex Wealth Management. (Reuters)
Honeywell’s rise packed a punch for the Dow, too. Early Wednesday, the stock ranked among the top point drivers. MarketWatch pointed out that the Dow’s price-weighted setup means a $1 shift in a stock can swing the index by about 6.16 points. (MarketWatch)
A price target reflects a broker’s forecast of where a stock might trade within the next year. Traders often see a higher target as a sign that at least one firm is taking a less cautious stance ahead of an earnings report, even if the reasoning behind it is sparse.
There’s another angle to consider. This month’s policy moves and rate shifts have rattled industrial shares, including Honeywell. The company is navigating execution risks amid a major reorganization and an upcoming reporting reset. Any guidance that falls short or unexpected cost pressures could swiftly drag the stock down after its recent rally.
Traders are gearing up for the Federal Reserve’s policy meeting on Jan. 27-28, looking closely for any changes in the interest rate outlook. Then, all eyes will turn to Honeywell’s earnings call on Jan. 29, where investors hope to hear more on the 2026 forecast and progress on the company’s restructuring efforts. (Federal Reserve)
