Jim Cramer Discusses Honeywell (HON)'s Aerospace Spinoff

We recently published Jim Cramer Discussed These 12 Stocks & Wondered Whether He Should Melt Silver.  Honeywell International Inc. (NASDAQ:HON) is one of the stocks that Jim Cramer discussed.

Industrial conglomerate Honeywell International Inc. (NASDAQ:HON)’s shares are up by 11.7% over the past year and by 19.4% year-to-date. JPMorgan increased the firm’s share price target to $255 from $218 and bumped the rating to Overweight from Neutral in January. At the core of the coverage was the bank’s opinion that Honeywell International Inc. (NASDAQ:HON)’s combined business value was higher than was being perceived. In late January, RBC Capital maintained an Overweight rating and increased the share price target to $268 from $249. Cramer has also discussed Honeywell International Inc. (NASDAQ:HON) several times over the past couple of months. One factor that has crossed the CNBC TV host’s attention is the planned spinoff of the conglomerate’s quantum computing business. In this appearance, before interviewing CEO Vimal Kapur, Cramer also briefly mentioned the spinoff of Honeywell International Inc. (NASDAQ:HON)’s aerospace business as well:

“Alright I want to talk about, big position for our CNBC investing club and that is Honeywell. Reported a good quarter this morning. Spinning off its aerospace unit sooner, I thought it might be as late as December, looks like it’s going to be, well, let’s put it this way, early in the second half.”

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.