Honeywell International Inc. (NASDAQ:HON) is one of the 10 oversold NASDAQ stocks to invest in right now.
The stock carried a moderately bullish consensus sentiment by the close of play on July 9
It received Buy ratings from 13 of the 18 analysts who provided coverage. Based on a median one-year target price of $387.28, the stock offers around 75% upside potential. Copyright: rawpixel / 123RF Stock Photo On July 1, Andrew Kaplowitz from Citi reduced the target price on Honeywell International Inc. (NASDAQ:HON) from $269.40 to $260.
The analyst maintained a Buy rating on the stock and adjusted the company’s model following the recent spinoff. Kaplowitz informed investors that Honeywell’s dedicated automation portfolio appears favorably positioned for steadier and more foreseeable revenue growth. On July 2, PowerBank Corp. (NASDAQ:PBK) disclosed that its northern New York-based ground-mount community solar project, SB-14, has attained commercial operation.