HONA News & Analysis
2 articles
Market Mood
Honeywell Aerospace (HONA) opens trading with $255 price target after spinoff
Honeywell 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.
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Honeywell Spins Off Aerospace and Launches 4 Public Companies
Honeywell Aerospace (HONA) was spun off as a separate public company, leading to the creation of Honeywell Technologies (HON), now focused on industrial automation. Following the spinoff, Honeywell Technologies reported a 3.5% revenue growth and a 7% earnings per share (EPS) growth for 2025. The company is trading at a P/E ratio of 28 times forward earnings. This spinoff and restructuring matter because they can alter investment strategies, potentially affecting how ordinary investors view opportunities in Honeywell's new and existing business segments.
Read More: Honeywell Spins Off Aerospace and Launches 4 Public Companies