Honeywell Aerospace (NASDAQ:HONA) Shares Up 1.6% – Here’s Why

Honeywell Aerospace (NASDAQ:HONA)’s stock price was up 1.6% during mid-day trading on Friday . The company traded as high as $217.83 and last traded at $211.63. Approximately 2,454,038 shares changed hands during trading, a decline of 18% from the average session volume of 2,988,994 shares. The stock had previously closed at $208.37.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. started coverage on Honeywell Aerospace in a report on Friday, July 10th. They issued a “neutral” rating and a $255.00 price objective for the company. Morgan Stanley set a $235.00 target price on Honeywell Aerospace in a research note on Wednesday. Argus started coverage on Honeywell Aerospace in a report on Thursday, July 9th. They set a “buy” rating and a $275.00 target price for the company. BMO Capital Markets began coverage on Honeywell Aerospace in a research note on Thursday, July 2nd. They issued an “outperform” rating and a $276.00 price target for the company. Finally, Zacks Research upgraded shares of Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $251.40.

Honeywell Aerospace Price Performance

About Honeywell Aerospace

Honeywell Aerospace Inc manufactures and supplies aircraft components, avionics, engines, and systems for airframe manufacturing, commercial airline, military and defense, business aviation, and space markets, as well as other markets in the aerospace industry. The company offers actuation products, air and thermal management products, auxiliary power units, cabin management and entertainment products, cockpit systems and displays, electric power products, engines, health and usage monitoring products, lighting products, microelectronics, navigation products and radios, recorders and transmitters, satellite communications, sensors, space products, terrain and traffic awareness, vehicle turbochargers, weather radars, and wheels and braking systems.