Honeywell Aerospace Stock Reflects Improving Execution, RBC Capital Markets Says

MT Newswires Live06-26 23:00

Honeywell Aerospace (HONAV) stock reflects an improving execution and growth story with business aviation and pricing power as key upsides, RBC Capital Markets said in a Friday research report.

The end-market mix supports upside to mid-term topline growth guidance as the company's portfolio includes under-appreciated commercial and defense businesses, the analysts said, adding that they model 2026 growth of 8.2%.

The company is poised to benefit from its leading position on key programs, such as the sole source on the 737 and A320 auxiliary power units, as well as the HTF7000 bizjet engine, according to the note.

RBC initiated coverage of the stock with an outperform rating and price target of $300.

Price: 214.46, Change: -6.55, Percent Change: -2.96

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