Honeywell Aerospace (NASDAQ:HONA) Trading Down 2% – Here’s Why

Honeywell Aerospace (NASDAQ:HONA) shares traded down 2% during trading on Thursday . The stock traded as low as $204.20 and last traded at $208.37. 2,758,066 shares were traded during mid-day trading, a decline of 8% from the average session volume of 3,008,685 shares. The stock had previously closed at $212.55.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Vertical Research started coverage on Honeywell Aerospace in a report on Wednesday, July 1st. They set a “hold” rating and a $243.00 price objective on the stock. JPMorgan Chase & Co. assumed coverage on Honeywell Aerospace in a report on Friday, July 10th. They issued a “neutral” rating and a $255.00 target price for the company. Wells Fargo & Company initiated coverage on shares of Honeywell Aerospace in a research note on Wednesday, July 1st. They set an “equal weight” rating and a $250.00 price target on the stock. Zacks Research upgraded shares of Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. Finally, Morgan Stanley set a $235.00 price objective on shares of Honeywell Aerospace in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average 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.