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Stock impact report

Jim Cramer Is Enthusiastic About Honeywell's (HON) Quantum Spinoff [Yahoo! Finance]

Honeywell International Inc. (HON) 
Last honeywell international inc. earnings: 5/1 06:30 am Check Earnings Report
US:NYSE Investor Relations: investor.honeywell.com
Company Research Source: Yahoo! Finance
Industrial conglomerate Honeywell International Inc. (NASDAQ:HON)'s shares are up by 7.9% year-to-date and by 16% year-to-date. The firm crossed the attention of banking giant JPMorgan lately in the form of analyst coverage. JPMorgan raised Honeywell International Inc. (NASDAQ:HON)'s share price target to $255 from $218 and bumped the rating to Overweight from Neutral. The bank commented that the industrial giant is trading at a valuation gap since the cumulative value of its different businesses appeared to be higher than the current trading price. As for Cramer, the CNBC TV host has recently focused on one of Honeywell International Inc. (NASDAQ:HON)'s businesses. This is the firm's quantum computing division called Quantinuum. Cramer believes that the current hype surrounding quantum computing can also lead to positive outcomes for Quantinuum's spinoff: Photo by SpaceX on Unsplash “If you take a look at a company like Honeywell which has just had a dramatic run here. Yeah that Show less Read more
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