On July 7, Honeywell Aerospace rose 5.85% in after-hours trading, trading at 238.12 USD/share, with turnover of $109 million.
On the news front, the company was officially added to the MSCI Global Standard Index, MSCI Large-Cap Index, S&P 500, and S&P 100 effective after the June 30 close. The simultaneous inclusion across multiple major indices has continued to release passive fund allocation demand, driving sustained buying pressure. Meanwhile, RBC Capital Markets initiated coverage with an Outperform rating and a $300 price target, citing the company's sole-source position on Boeing 737 and Airbus A320 auxiliary power units, strong business aviation pricing power, and modeled full-year revenue growth of 8.2%. Wells Fargo also initiated coverage with an Equal Weight rating and $250 target price.
The company's CEO recently stated that operating as an independent entity enables more agile support for Boeing and Airbus production ramp-ups, while the firm is actively exploring M&A opportunities in electrification, autonomy, and safety technologies.
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