Honeywell Aerospace Guidance Cut Will Flummox Investors
Dow Jones
Aug 06
0929 GMT - Honeywell Aerospace's growth guidance cut will confound investors given the strength of the sector, Jefferies analysts write. The Phoenix company cut its organic growth guidance for 2026 from a range of 7% to 8% to between 4% and 5%. "The first reaction from most investors is: 'How is an Aero company growing only 4%?'" the analysts say. Chief Executive Jim Currier said supply-chain disruption was behind the downgrade to forecasts. Elsewhere, war in the Middle East hasn't had a material impact on demand for the group's post-sale services, the analysts note. Honeywell shares slide over 13% premarket.
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