$HON

Resorts World Sentosa (RWS) and Honeywell Technologies (HON) launched AI-powered sustainability initiatives for district cooling, aiming to reduce energy use and maintain guest comfort. The partnership includes AI-driven HVAC adjustments, demand forecasting for cooling, and energy-use insights. RWS targets carbon neutrality by 2030, building on their 2023 connected-building deployment with Honeywell.

Honeywell Aerospace tested its Thermal Response Module for AI data centres with Equinix. The module, designed for liquid-cooled AI infrastructure, stabilizes coolant temperatures during power disturbances. Honeywell claims it delivers 7.6x more cooling power than chilled water and can be integrated into existing cooling loops. The module uses phase-change materials to store and release thermal energy, addressing rising heat loads in AI data centres.

Honeywell Aerospace (HONA) reported Q3 2026 backlog exceeding $19 billion. CEO Jim Currier and CFO Josh Jepsen discussed supplier improvements, output growth, and 2027 outlook. Key points include narrowing supply gaps, margin expectations, and CapEx plans. The company expects growth acceleration in 2027, with supply chain benefits unlocking sales. Margins are projected to exit 2026 in the mid-23% range, with a $500 million Arizona facility in development.

Honeywell launched Forge Plant Cognition, an AI platform with NVIDIA and Dell, for industrial optimization. It will first be used at Dangote's refinery in Nigeria, aiming to increase throughput and generate $60M annually. The platform combines AI, automation, and process expertise to improve operational outcomes.

Honeywell Aerospace (HON) shares dropped 9.6% on October 29, 2026, despite Q3 results beating estimates with $4.64B revenue and $2.21 EPS. Management raised 2026 EPS forecast to $7.85-$8 but expects lower Q4 margins. The backlog grew 12% to over $19B, with supply constraints affecting Defense & Space.

Analysts made several calls on Friday: Jefferies upgraded Rivian to Buy, citing strong order conversion. Morgan Stanley lowered Amazon's price target to $335 but kept it as a Top Pick. Raymond James reiterated Nvidia as Strong Buy. Bank of America removed Apple from its top picks list. Deutsche Bank cut Coinbase's price target to $190 but kept it as Buy.

BMO Capital downgraded Honeywell Aerospace to Market Perform from Outperform, lowering its price target to $181 from $213, a 15.0% decrease. The new target implies a 13.1% upside from the Oct 29 close of $160.04. Recent analyst price targets for the company range from $170 to $210.

JP Morgan kept its Neutral rating on Honeywell Aerospace but reduced its price target to $210 from $235, a 10.6% decrease. The new target suggests a 31.2% upside from the Oct 29 close of $160.04. Recent analyst notes have price targets ranging from $170 to $210.

Alphabet (GOOGL) fell 11% after missing revenue estimates and reporting negative free cash flow. Caterpillar (CAT) dropped 9% despite beating earnings expectations. DoorDash (DASH) rose 7% after acquiring Maplebear (MAPL) for $65/share and reporting strong earnings. Eli Lilly (LLY) gained 4% on better-than-expected results. Marvell (MRVL) fell 11% amid acquisition talks with Lumentum (LITE). Microsoft (MSFT) rose 2% on strong earnings. Shell (SHEL) climbed 3.6% after doubling its profit.

Coca-Cola (KO), Johnson & Johnson (JNJ), Travelers (TRV), and Honeywell (HON) all beat Q3 earnings estimates. KO reported $0.91 adjusted EPS, JNJ $2.59, TRV $9.18, and HON $2.27. Each company recently raised dividends, with TRV's payout ratio at 13% and HON's dividend reduced post-spin-off.