Honeywell: Secular Growth Prospects At Discounted Valuation

Company Overview - Honeywell (NASDAQ: HON) has strong growth prospects supported by a healthy backlog and exposure to megatrends in aviation, automation, and energy transition end markets [1] - The Aerospace business is benefiting from an increase in global flight hours, driving aftermarket growth [1] Industry Trends - Aviation, automation, and energy transition are key megatrends supporting Honeywell's growth [1] - The increase in global flight hours is a significant driver for the Aerospace business [1] Investment Strategy - The analyst focuses on medium-term investing in ideas with catalysts to unlock value and drive upside, or short selling in case of downside catalysts [1] - Preference for growth stories available at a reasonable price [1] - The analyst has higher conviction in industrial, consumer, and technology sectors due to professional experience [1]