Goldman Sachs: Honeywell Aerospace (HONA.US) Q3 results beat expectations, but turning around operations will still take time; maintains "Neutral" rating.

Zhitong Finance APP has learned that Goldman Sachs has issued a research report maintaining a "Neutral" rating on Honeywell Aerospace Inc (HONA.US) with a target price of $190. The bank noted that HONA's fiscal 2026 third-quarter revenue and adjusted EBIT both beat market consensus, and free cash flow also came in above expectations, but organic growth remains relatively slow, with supply chain constraints and company reinvestment putting pressure on margins. Goldman Sachs believes that the company's efforts to turn around operations could drive fundamentals to accelerate in the future, but better growth and margins may still take several quarters to materialize.