Honeywell: Recent Correction Is A Buying Opportunity
HONHoneywell(HON) Seeking Alpha·2024-08-15 23:28

JHVEPhoto Honeywell Investment Thesis Honeywell International Inc.'s (NASDAQ:HON) stock price has seen some correction post last quarter earnings as it reduced EPS guidance due to a slower than expected pace of recovery of the short-cycle business, impacting margin mix. However, I believe it is a transient headwind and the stock is already pricing it after the recent correction. The company's medium to long-term prospects look good given its healthy backlog, easing supply chain constraints (which should imp ...