Honeywell Aerospace (NASDAQ:HONA) Stock Rating Upgraded by Melius Research

Honeywell Aerospace (NASDAQ:HONA) was upgraded by analysts at Melius Research to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

HONA has been the topic of a number of other research reports. Wolfe Research started coverage on Honeywell Aerospace in a report on Monday. They set a “peer perform” rating on the stock. Vertical Research began coverage on shares of Honeywell Aerospace in a research note on Wednesday. They issued a “hold” rating and a $243.00 target price for the company. BNP Paribas Exane assumed coverage on shares of Honeywell Aerospace in a report on Tuesday. They issued a “neutral” rating and a $245.00 target price on the stock. TD Cowen assumed coverage on shares of Honeywell Aerospace in a report on Monday. They set a “hold” rating and a $250.00 price target for the company. Finally, Wells Fargo & Company began coverage on shares of Honeywell Aerospace in a research report on Wednesday. They issued an “equal weight” rating and a $250.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Honeywell Aerospace presently has a consensus rating of “Hold” and a consensus price target of $244.60.

Honeywell Aerospace Trading Up 2.3%

Honeywell Aerospace stock traded up $5.08 during trading on Monday, reaching $226.16. The stock had a trading volume of 2,107,250 shares, compared to its average volume of 1,819,100. Honeywell Aerospace has a 52-week low of $200.00 and a 52-week 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.