Honeywell Aerospace, recently spun off from Honeywell International, saw its shares drop over 20% after missing earnings expectations, reporting $1.87 per share versus the anticipated $2.13. Despite a 5% revenue increase, its GAAP profit fell 71%. In response, Jefferies lowered Honeywell International's price target from $235 to $175 but maintained a 'Hold' rating, as the parent company's stock only dropped 2.14%, indicating investor approval of the spin-off strategy. Honeywell Aerospace's CEO remains optimistic about future demand despite the weak earnings report.
Honeywell's CFO Mike Stepniak shared positive updates at Deutsche Bank's summit, highlighting a strong first half of 2026 and robust order intake in July. The company raised its guidance and set ambitious 3-year targets including 4-6% annual revenue ...
Honeywell's stock fell about 4.7% following disappointing results from its aerospace spin-off, Honeywell Aerospace (HONA), which reported a weak first standalone quarter. Despite Honeywell raising its full-year adjusted EPS guidance, investors remain...
