Honeywell Aerospace (NASDAQ:HONA) Trading Down 2.6% – What’s Next?

Honeywell Aerospace (NASDAQ:HONA) shares fell 2.6% on Tuesday . The stock traded as low as $205.56 and last traded at $207.51. Approximately 3,308,719 shares were traded during trading, an increase of 9% from the average daily volume of 3,043,703 shares. The stock had previously closed at $213.05.

Analysts Set New Price Targets

Several analysts have commented on HONA shares. Jefferies Financial Group started coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They issued a “hold” rating and a $235.00 price objective on the stock. Evercore started coverage on shares of Honeywell Aerospace in a report on Monday. They issued an “in-line” rating and a $250.00 price target on the stock. Wells Fargo & Company initiated coverage on Honeywell Aerospace in a research note on Wednesday, July 1st. They issued an “equal weight” rating and a $250.00 price objective on the stock. Morgan Stanley assumed coverage on Honeywell Aerospace in a report on Wednesday, July 8th. They set an “equal weight” rating and a $255.00 price objective for the company. Finally, TD Cowen began coverage on Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating and a $250.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Honeywell Aerospace currently has an average rating of “Hold” and a consensus target price of $253.40.

Honeywell Aerospace Stock Performance

Honeywell Aerospace is a business unit of Honeywell that develops and manufactures a broad range of aerospace products and systems used in commercial, defense, and space applications. Its offerings include avionics, engines and propulsion systems, auxiliary power units, cockpit and navigation equipment, sensors, and other critical components designed to support aircraft performance, safety, and efficiency.

The company serves aircraft manufacturers, airlines, military organizations, and space customers around the world.