US Stock Movement: Honeywell Aerospace Plunges on October 29 — Target Price Downgraded, Supply Chain Constraints, Post-Earnings Pullback

Honeywell Aerospace October 29 Major Decline Interpretation

Keywords: Target Price Revision, Supply Chain Constraints, Post-Earnings Pullback

1. On October 29, JPMorgan maintained a "Hold" rating for HONA and lowered its target price from $235 to $210; on the same day, Evercore ISI lowered its target price from $210 to $195.

2. Third quarter earnings released after market close on October 28 showed revenue of $4.64 billion and adjusted earnings per share of $2.21, both exceeding expectations; however, adjusted EBIT was $1.2 billion, up only 1% year-on-year, with increased incremental costs after independent listing; during the call, it was mentioned that about 70 suppliers are under performance review, with supply chain constraints remaining a growth bottleneck.

3. In the October 28 earnings, Defense and Space revenue was $1.83 billion, below analysts' average expectation of $1.88 billion; after exceeding expectations and raising guidance, the stock price declined in after-hours trading on October 28.

(Disclaimer: This content is summarized from publicly available information collected using AI technology and is for reference only. It does not constitute investment advice.)