Honeywell Aerospace (HONA) Stock Rises 6% After Morgan Stanley Upgrade
TLDR
- Morgan Stanley upgraded Honeywell Aerospace (HONA) from Hold to Buy, keeping its price target at $205
- HONA stock rose over 6% on Wednesday following the upgrade
- The stock had fallen roughly 27% since its June 29 spin-off from Honeywell Technologies
- Morgan Stanley cited valuation, with HONA trading at a 35-38% discount to aerospace peers
- Supply chain issues and a Q2 guidance cut remain near-term risks
Honeywell Aerospace (HONA) stock jumped more than 6% on Wednesday after Morgan Stanley analyst Kristine Liwag upgraded the stock from Hold to Buy, with a price target of $205.
The stock was trading at $168.40 in early trading, up from an opening near $161. Thatโs still well below the roughly $220 price at which HONA debuted when it spun off from Honeywell Technologies (HON) on June 29, 2026.
The upgrade did not come with a price target change, which tells its own story. Liwag kept her $205 target unchanged, meaning the call is built on the stock falling to meet the thesis rather than the thesis improving.
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