BMO initiates coverage on Honeywell Aerospace with 'outperform' rating
BUZZ-BMO initiates coverage on Honeywell Aerospace with 'outperform' rating ** BMO initiates coverage on Honeywell Aerospace HONA.O with a price target of $276 and "outperform" rating
** PT represents a ~21% upside to stock's last close
** Brokerage views supply-chain improvements and management execution as key catalysts
** Adds if these materialize, HONA's 6%–8% organic growth and 9% adj. EBIT growth targets may be conservative, supporting further share price re-rating
** BMO sees the targets as attainable and is optimistic about multiple growth drivers beneath the surface, though it may take several strong quarters to bring investors on board
** Honeywell Aerospace spun out of Honeywell International HON.O on Monday
(Reporting by Megavarshini G. Somasundaram in Bengaluru)
((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))
Recent news on Honeywell Aerospace
See all newsBrief: Honeywell Aerospace Forecast Shows Business Aviation Growth, Expanding Fleets And Strong Utilization Continuing Through 2035
Brief: Honeywell Aerospace Projects About 14,000 Total Business Aircraft Deliveries 2026-2035
Honeywell Aerospace sees business aviation growth on rising aircraft use
US RESEARCH ROUNDUP-BlackRock, Microsoft, TransDigm Group
Brief: Avcon Receives Faa Stc For Honeywell Aerospace Replacement Egpws On Bombardier And Learjet Aircraft