Honeywell Aerospace gains after Morgan Stanley ups rating to 'overweight'

Honeywell Aerospace

19/08/2026 11:10

** Shares of aerospace supplier Honeywell Aerospace HONA.O up 2.03% to $164.02 premarket
** Morgan Stanley upgrades rating to "overweight" from "equal-weight"; retains PT at $205, which represents an over 27% upside to the stock's last close
** Says co's revenue growth is likely to be weaker than peers but its current valuation "more than compensates" for risks
** Co debuted on the Nasdaq more than a month ago after it was spun off from industrial conglomerate Honeywell
** "Against a backdrop of robust commercial aerospace and defense demand, HONA's broad installed base and sizable Commercial Aftermarket and Defense & Space exposure should limit the risk that supply chain constraints alone translate into sustained negative growth," Morgan Stanley
** Five of 15 brokerages rate stock "buy" or higher, and the rest rate it "hold"; their median PT is $210 - LSEG-compiled data
** Stock is down 27% since its debut on June 29

(Reporting by Kanchana Chakravarty in Bengaluru)
((Kanchana.Chakravarty@thomsonreuters.com;))