Honeywell Aerospace (NASDAQ:HONA) Shares Down 1.1% – Should You Sell?

Honeywell Aerospace (NASDAQ:HONA) shares traded down 1.1% during trading on Friday . The company traded as low as $218.85 and last traded at $220.75. 1,893,945 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 3,058,390 shares. The stock had previously closed at $223.12.

Analysts Set New Price Targets

Several brokerages have recently commented on HONA. BMO Capital Markets began coverage on shares of Honeywell Aerospace in a report on Thursday, July 2nd. They issued an “outperform” rating and a $276.00 price objective on the stock. JPMorgan Chase & Co. assumed coverage on Honeywell Aerospace in a research report on Friday. They set a “neutral” rating and a $255.00 price objective for the company. Melius Research raised Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. BNP Paribas Exane assumed coverage on shares of Honeywell Aerospace in a report on Tuesday, June 30th. They set a “neutral” rating and a $245.00 price objective on the stock. Finally, Wells Fargo & Company initiated coverage on Honeywell Aerospace in a research report on Wednesday, July 1st. They set an “equal weight” rating and a $250.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Honeywell Aerospace currently has an average rating of “Hold” and an average target price of $253.78.

Honeywell Aerospace Stock Down 1.1%

Honeywell Aerospace is a business unit of Honeywell International that develops and supplies technology and systems for the aviation and aerospace industries. Its products and services are used across commercial, defense, and space applications, with offerings that can include avionics, flight controls, propulsion systems, sensors, communications equipment, and maintenance and support solutions.

The unit serves aircraft manufacturers, airlines, defense contractors, and government customers around the world.