Jim Cramer has his eye on Honeywell International Inc. (NASDAQ:HON), which has seen a 7.9% increase in shares year-to-date. JPMorgan initiated analyst coverage, raising the price target to $255 and rating to Overweight. Cramer is particularly excited about Honeywell’s quantum computing division, Quantinuum, predicting positive outcomes for its spinoff.

Cramer believes that Honeywell’s quantum computing spinoff, Quantinuum, will be a major player in the industry. While Honeywell shows promise as an investment, some AI stocks may offer higher returns with limited downside risk. For more information on an AI stock benefiting from Trump tariffs, check out the free report on the best short-term AI stock.

Read more at Yahoo Finance: Jim Cramer Is Enthusiastic About Honeywell’s (HON) Quantum Spinoff