BMO Cuts Honeywell Aerospace Price Target on Supply Chain Worries

BMO Capital Markets has reduced its price target for Honeywell Aerospace Inc. to $209 from $276 while maintaining an Outperform rating.

The firm cited supply chain concerns as the reason for the adjustment, with output expected to remain consistent with first-half 2026 levels in the second half of the year.

BMO Capital assumes 2-3% organic growth for the second half of 2026 and attempted to de-risk the full-year numbers in its analysis.

The company's stock currently trades at $159.74, down 19% over the past week and hovering near its 52-week low of $150.03.