Correction - BUZZ - Honeywell Aerospace shares rise after raising free cash flow forecast

In its second key point, the company revised the upper limit of its previous free cash flow forecast range from "1.4 billion USD" to "1.5 billion USD".

October 28 - ** Honeywell Aerospace (link) HONA.O shares rose 4.5% in after-hours trading to 185 USD.

** The manufacturer of aircraft engines, components, and defense systems expects free cash flow in the second half of 2026 to be between 1.2 billion USD and 1.4 billion USD, compared to the previous forecast of 1.0 billion USD to 1.5 billion USD.

** HONA also announced its first quarterly cash dividend of 40 cents per share of common stock.

** The company stated that adjusted earnings per share on a comparable basis for fiscal year 2026 will rise to 7.85 to 8 USD, previously forecast at 7.60 to 7.90 USD per share.

** HONA reported third-quarter free cash flow of 500 million USD; net profit rose 13% year-on-year to 737 million USD.

** Out of 17 brokerages, 6 rated the stock as "buy" or higher, and 11 gave a "hold" rating; the median target price was 192.50 USD — LSEG data.

** As of Tuesday’s close, HONA's share price has fallen 16% since its listing on Nasdaq (link) in June.

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