Honeywell Aerospace Inc (NASDAQ:HONA) stock traded lower Thursday after Evercore ISI Group maintained an In-Line rating on the company while lowering its price forecast to $210.
The Nasdaq is down 0.09% while the S&P 500 has shed 0.13%, and Industrials are off 0.5%.
• Honeywell Aerospace shares are approaching critical lows. What’s pressuring HONA?
The price forecast reduction followed Wednesday’s after-hours session, where Honeywell Aerospace stock dropped 10.43%. The decline occurred after the company cut its full-year guidance, citing supply chain constraints.
Second-Quarter Results
For the second quarter, Honeywell Aerospace — which spun off from Honeywell in June — reported revenue of $4.52 billion, up 5% year-over-year, and adjusted earnings of $1.87. However, the company lowered its organic revenue growth forecast to 4% to 5%, down from 7% to 9%. It also reduced expected pro forma standalone adjusted EBITDA to $4.35 billion to $4.45 billion, down from prior guidance of $4.65 billion to $4.75 billion.
Executive Commentary
Addressing the outlook, Honeywell Aerospace CEO Jim Currier said, "For the second half of 2026, we believe it is prudent to align our guidance to our supply chain’s demonstrated capabilities at the end of the second quarter."
Honeywell Aerospace Stock: Key Levels to Watch
The bigger-picture trend remains pressured: HONA is down 25.86% over the past 12 months, and the stock is trading 20.8% below its 20-day SMA at $205.94, a sign the recent sell-off has broken well beneath short-term trend support. That gap also implies rallies may face overhead supply as price approaches the $200s again.
MACD is the cleaner momentum lens here, with MACD below its signal line and the histogram negative — typically a sign that downside pressure is still winning versus the recent baseline.
- Key Resistance: $205.94 — Aligns with the 20-day SMA, a common "first test" level after sharp sell offs.
- Key Support: $192.03 — The 52-week low zone, which often acts as a reference point for dip-buyer demand.
HONA Stock Price Activity: Honeywell Aerospace shares were down 20.43% at $162.04 at the time of publication on Thursday, according to Benzinga Pro data.
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