AAL

HON Hit With Bull Notes, Opens At Fresh Highs

J.P. Morgan called HON a top pick

Digital Content Manager
Apr 9, 2021 at 10:01 AM
facebook X logo linkedin


The shares of Honeywell International Inc. (NYSE:HON) are up 3% at $226.53 this morning, opening at a fresh all-time high, after J.P. Morgan lifted its price target to $250 from $200, calling it a "top pick," while Cowen lifted its price estimate to $240 from $225. Deutsche Bank also chimed in, upgrading the equity to a "buy" from a "hold," citing the company's advantageous exposure to the current phase of the economic cycle, as well as relative underperformance this year. 

Today's pop has HON breaking out past pressure at the $220 mark, where the shares have been consolidating since late March. The equity has enjoyed solid support from its 30-day moving average, which caught two recent pullbacks, and now it sports a year-over-year lead of 57.9%. 

Analysts were split on HON coming into today, with seven saying "strong buy," and six saying "hold." Meanwhile, the 12-month consensus price target of $223.95 is a slight discount to last night's close. 

Options traders, meanwhile, have rarely been more bullish. This is per HON's 50-day call/put volume ratio of 2.29 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). This ratio stands higher than all but 1% of readings from the past 12 months, suggesting calls have been picked up at a much quicker clip than usual recently. 

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.