Honeywell Aerospace Inc. (HONA) Is Starting Its Take Off, Says Jim Cramer
Honeywell Aerospace Inc. (HONA) Is Starting Its Take Off, Says Jim Cramer.
Honeywell Aerospace Inc. (HONA) Is Starting Its Take Off, Says Jim Cramer.
We recently published Jim Cramer Insisted Recent AI Chip Selloff Wasn't A Bottom & Discussed These 17 Stocks . Honeywell Aerospace Inc. (NASDAQ:HONA) is one of the stocks discussed by Jim Cramer.Honeywell Aerospace Inc. (NASDAQ:HONA) is one of the latest listings on the market, as the shares only started trading in June. It is a spinoff of industrial conglomerate Honeywell's aerospace business. Cramer has discussed the spinoff several times over the past couple of months. For instance, in June, he remarked that "I've been pretty darn enthusiastic about Honeywell's plan to spin off its aerospace business later this month, and today the market got as excited as I am." Following the spinoff, multiple analysts discussed Honeywell Aerospace Inc. (NASDAQ:HONA). Among these, Morgan Stanley set an Equal Weight rating and a $255 share price target; Jefferies set a Hold rating and a $235 share price target; and Wolfe Research set a Peer Perform rating. Cramer commented on Honeywell Aerospace Inc. (NASDAQ:HONA) in a tweet:
"With Boeing and GE Aerospace taking off it might be worth it to buy some HONA which reversed after a very good run. All three are pure play aero but HONA has the most upside imo"Impressive catch-up move by Boeing after big run in airlines. Honeywell Aerospace starting its take-off."
"You know, I've been pretty darn enthusiastic about Honeywell's plan to spin off its aerospace business later this month, and today the market got as excited as I am, with the stock jumping 6.4% after a bullish analyst meeting… My Charitable Trust has a big position. We want to be bigger. I think this is the kind of company that is not expensive, that has a great growth path… We're keeping both pieces because both are terrific."
While we acknowledge the potential of HONA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock . READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy .Disclosure: None. Follow Insider Monkey on Google News .
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