JPMorgan starts new coverage of Honeywell Aerospace with a Neutral rating
JPMorgan has 7month 10day by adding Honeywell’s aerospace business to new coverage and assigning it a ‘Neutral’ rating. In its note, it said supply-chain bottlenecks could limit further upside.
7month 10day JPMorgan started new coverage of Honeywell’s aerospace business and gave it a ‘Neutral’ rating. From an investor perspective, it is a fresh review of the upside and risks in Honeywell’s aerospace business.
In its report, JPMorgan said supply-chain bottlenecks could limit additional upside in the aerospace segment. Specifically, it noted that parts supply constraints and procurement delays could weigh on shipments and sales growth.
Honeywell Aerospace is a business unit that includes aircraft parts, avionics, maintenance, and services. The note was a separate assessment of that unit and was treated apart from the company’s other business units.
The specific target price or numerical changes presented in the report were not included in the article. Honeywell’s official comment also did not appear in the article.
This note confirms that supply-chain conditions and the flow of aircraft parts shipments are key variables determining the earnings direction of Honeywell Aerospace. In future quarterly results and company announcements, it will be necessary to check for language related to the supply chain.
Sources: Investing.com News
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