Honeywell Aerospace (NASDAQ:HONA – Get Free Report)’s share price dropped 2.6% during trading on Tuesday . The stock traded as low as $205.56 and last traded at $207.51. 3,308,719 shares were traded during mid-day trading, an increase of 9% from the average session volume of 3,043,703 shares. The stock had previously closed at $213.05.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on HONA. Evercore started coverage on Honeywell Aerospace in a research report on Monday. They set an “in-line” rating and a $250.00 target price on the stock. Melius Research upgraded Honeywell Aerospace to a “strong-buy” rating in a research note on Monday, June 29th. Morgan Stanley began coverage on shares of Honeywell Aerospace in a report on Wednesday, July 8th. They set an “equal weight” rating and a $255.00 price objective on the stock. Jefferies Financial Group initiated coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating and a $235.00 target price for the company. Finally, Wolfe Research began coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Honeywell Aerospace has a consensus rating of “Hold” and a consensus price target of $253.40.
Check Out Our Latest Research Report on HONA
Honeywell Aerospace Trading Down 2.6%
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.
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