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Honeywell Aerospace Forecast Cut: Cramer Highlights Credibility Concerns
Jim Cramer pointed to a significant reduction in Honeywell Aerospace Inc.'s (NASDAQ:HONA) 2026 organic sales growth forecast as a key issue, shifting from a projected 7%-9% to 4%-5%. He criticized the company's communication strategy regarding supply chain problems, suggesting a lack of transparency that impacted the firm's credibility. This comes after the aerospace spinoff reported second-quarter results that missed analyst estimates for revenue and earnings.
* If Honeywell Aerospace's (N:) supply chain issues persist, investors may see continued pressure on near-term financial performance as the company invests to meet demand.
