Honeywell Aerospace (HONA) opens trading with $255 price target after spinoff
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowHoneywell Aerospace (HONA) launched as an independent company on June 29, 2026, after separating from Honeywell International. On July 8, Morgan Stanley initiated coverage with an equal-weight rating and a $255 price target, aligning closely with a consensus of $263.50. HONA closed at $224.35, indicating potential for growth but suggesting limited immediate upside. Analysts forecast revenue and profit growth around 8% annually, which is below industry peers, highlighting concerns over future margins. This information is vital for investors considering HONA as it indicates potential price movement and competitive positioning in the aerospace market.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Honeywell International (HON)
Honeywell is a diversified industrial conglomerate spanning aerospace, building automation, and performance materials.
The Industrials sector covers manufacturers, aerospace, defense and transport companies tied to economic activity.
Earlier HON news
- Honeywell Spins Off Aerospace and Launches 4 Public Companies
- Honeywell Stocks Trading Analysis After Divergent Week
- Honeywell (HON) Spin-off in $27bn Merger Talks with Element Solutions
- Honeywell Aerospace (HON) Projects $4.65B in 2026 Earnings Growth
- Quantinuum (QNT) IPO Aims to Raise Up to $1.05 Billion
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