Honeywell International Inc. (NASDAQ:HON) is among the 8 Best Drone Stocks to Buy for the Next 3 Years. On March 12, Morgan Stanley analyst Christopher Snyder lifted the price target on the stock to $245 from $235 and reiterated an Equal Weight rating. The firm said it was revising earnings estimates and rolling forecasts for the company.

This follows Deutsche Bank’s price target adjustment on March 4, lifting it to $292 from $273 while maintaining a Buy rating. The move came as part of the bank’s update of the stock’s sum-of-the-parts valuation.

As of the close of business on March 13, Honeywell International Inc. (NASDAQ:HON) is a Strong Buy, with a one-year average share price target of $252.94, which reflects an upside potential of 8%.

In other news, on March 3, the company said it had filed with the Securities and Exchange Commission the Form 10 registration statement for the spin-off of Honeywell Aerospace, which will create one of the largest aerospace and defense stocks to trade on the market by the third quarter of 2026. The new company will trade under the ticker ‘HONA’.

Honeywell International Inc. (NASDAQ:HON) helps organizations address their most complex challenges in aviation, automation, and energy transition.

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