Analysts assign mixed ratings to newly listed Honeywell Aerospace, with price targets ranging from $235 to $255 following its June spinoff.
Honeywell Aerospace Inc. (NASDAQ:HONA), spun off from Honeywell in June, has drawn analyst coverage with varying outlooks. Morgan Stanley initiated an Equal Weight rating and a $255 price target, while Jefferies assigned a Hold rating with a $235 target. Wolfe Research rated it Peer Perform.
The spinoff, separating Honeywell’s aerospace business, began trading in June. Analysts’ targets reflect divergent views on its growth potential amid broader aerospace sector trends. Honeywell Aerospace remains a pure-play aerospace stock, distinct from its former parent.
Market commentary, including remarks from Jim Cramer, highlights HONA’s recent performance and upside potential relative to peers like Boeing and GE Aerospace.