On September 22, Honeywell Aerospace Inc rose 3.11% in regular trading, trading at 168.68 USD/share, with turnover of $137 million.
On the news front, Susquehanna recently initiated coverage on the company with a Positive rating and a price target of $190. Additionally, Morgan Stanley upgraded the stock from Equal-Weight to Overweight, setting a target price of $205, implying approximately 28% upside from recent levels. According to FactSet, the consensus analyst rating stands at Overweight with a mean target price of $222.75, suggesting significant further upside potential.
Meanwhile, the company's CEO disclosed meaningful supply chain improvements at a recent Morgan Stanley conference. The number of constrained or critical suppliers has declined from several hundred in 2022 to approximately 70 currently, with only about ten suppliers identified as capacity-constrained. The company has also deployed its own skilled workers to certain supplier facilities to address labor shortages. Strategically, management highlighted bolt-on acquisitions and vertical integration as priority considerations going forward.
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