07:55 AM EDT, 04/25/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We trim our 12-month price target by $2 to $210, valuing shares at 19.4x our 2025 EPS forecast of $10.81 (same as previous estimate; 2024 EPS lifted by $0.04 to $10.00), roughly in line withHON's pre-pandemic 2018-2019 forward P/E average to reflect higher-than-usualuncertainty amid higher interest rates and global macroeconomic risks. HON posts Q1 operating EPS of $2.25 (up 9% Y/Y), $0.07 above the consensus. Momentum in HON's aerospace business led overall organic sales 3% higher, more than offsetting a 13% decline in the industrial automation segment. Aerospace tech achieved its seventh consecutive quarter of double-digit top-line growth (up 18% organically), reflecting a robust demand backdrop and improving supply chain conditions. While industrial automation results were challenged, order growth in short-cycle solutions points to recovering demand and beginning of recovery. We anticipate a broadening of growth in the coming quarters as inventory normalization plays out.