Honeywell Aerospace (NASDAQ:HONA) Upgraded by Melius Research to Strong-Buy Rating

Melius Research upgraded shares of Honeywell Aerospace (NASDAQ:HONA) to a strong-buy rating in a research report released on Monday morning,Zacks.com reports.

Other analysts also recently issued reports about the company. Jefferies Financial Group began coverage on Honeywell Aerospace in a research report on Monday. They set a “hold” rating and a $235.00 target price for the company. TD Cowen assumed coverage on shares of Honeywell Aerospace in a report on Monday. They set a “hold” rating and a $250.00 price objective for the company. Wolfe Research initiated coverage on shares of Honeywell Aerospace in a research note on Monday. They set a “peer perform” rating for the company. Wells Fargo & Company began coverage on Honeywell Aerospace in a research report on Wednesday. They set an “equal weight” rating and a $250.00 target price on the stock. Finally, BNP Paribas Exane initiated coverage on Honeywell Aerospace in a report on Tuesday. They issued a “neutral” rating and a $245.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Honeywell Aerospace presently has an average rating of “Hold” and an average price target of $244.60.

Honeywell Aerospace Price Performance

Honeywell Aerospace stock traded up $6.12 during midday trading on Monday, reaching $227.20. 2,045,637 shares of the stock traded hands, compared to its average volume of 1,807,184. Honeywell Aerospace has a 12 month low of $200.00 and a 12 month high of $297.50.

Honeywell Aerospace is a business unit of Honeywell that provides technology, systems, and services for the aviation industry. Its offerings are used across commercial aviation, defense, and space applications and include avionics, engines and propulsion components, cockpit and navigation systems, auxiliary power units, and other aircraft systems designed to improve safety, efficiency, and performance.

The business supports a wide range of customers, including aircraft manufacturers, airlines, military organizations, and maintenance providers.