The bank sets a $255 price target for HONA, aligning with consensus but below the stock’s $263.50 average estimate.
Morgan Stanley launched coverage of Honeywell Aerospace (HONA) with an Equal-weight rating and a $255 price target. The call reflects a neutral stance, expecting the stock to perform in line with its aerospace peers over the next 12 to 18 months.
HONA, which began trading on Nasdaq on June 29, 2026, closed at $224.35 on Wednesday. The $255 target sits below the $263.50 consensus, with other firms ranging from $235 to $300. Wells Fargo and TD Cowen both set targets at $250, while RBC remains the most bullish at $300.
Analyst Kristine Liwag cited Honeywell Aerospace’s strong business fundamentals but noted limited near-term growth potential, justifying the neutral rating.