Honeywell (HON) Target Trimmed as Mizuho Warns of Uneven Industry Backdrop

By Vardah Gill | January 08, 2026, 6:19 PM

Honeywell International Inc. (NASDAQ:HON) is included among the 12 Best DOW Stocks to Buy in 2026.

Honeywell (HON) Target Trimmed as Mizuho Warns of Uneven Industry Backdrop
Photo by Vitaly Taranov on Unsplash

On January 5, Mizuho analyst Brett Linzey lowered his price target on Honeywell International Inc. (NASDAQ:HON) to $240 from $250 and kept an Outperform rating. The changes came as Mizuho refreshed ratings and targets across the electrical equipment and multi-industry space for its 2026 outlook.

The firm said it sees “uneven terrain ahead” for the group, though it added that the “tariff fog” is starting to lift.

A day later, Honeywell announced an agreement with Technip Energies to deliver integrated LNG pretreatment and liquefaction solutions for Commonwealth LNG’s planned export facility in Cameron Parish, Louisiana. Honeywell said its modular technology should help speed up timelines, simplify execution, reduce construction risk, and improve production efficiency as energy demand grows.

Commonwealth LNG, which operates under the Caturus platform, plans to use Honeywell International Inc. (NASDAQ:HON)’s single-mixed refrigerant liquefaction technology along with six modularized coil-wound heat exchangers. The setup is designed to produce about 9.5 million tonnes of LNG per year. Honeywell said its heat exchangers allow high gas throughput in a compact footprint, supporting efficiency while improving safety and reliability.

Honeywell International Inc. (NASDAQ:HON) is a diversified industrial company serving customers across multiple industries and regions. Its operations are supported by the Honeywell Accelerator operating system and the Honeywell Forge platform.

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Disclosure: None.

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