Honeywell Aerospace (HONA) has been in a sharp downtrend since its spinoff in late June, but this recent weakness has created an attractive entry point for long-term investors, Morgan Stanley analyst Kristine Liwag told clients in a research note today.
Liwag upgraded the Phoenix-headquartered aerospace company this morning to “Overweight” and maintained her $205 price target, indicating potential upside of nearly 35% from its previous close.
