Honeywell Aerospace (NASDAQ:HONA) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Honeywell Aerospace (NASDAQ:HONA) to a hold rating in a research note published on Wednesday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on the company. TD Cowen started coverage on Honeywell Aerospace in a research note on Monday. They issued a “hold” rating and a $250.00 price objective on the stock. Wolfe Research assumed coverage on shares of Honeywell Aerospace in a research report on Monday. They set a “hold” rating for the company. Wells Fargo & Company started coverage on shares of Honeywell Aerospace in a research note on Wednesday. They issued an “equal weight” rating and a $250.00 target price for the company. BNP Paribas Exane started coverage on shares of Honeywell Aerospace in a research note on Tuesday. They set a “neutral” rating and a $245.00 price target on the stock. Finally, Vertical Research started coverage on shares of Honeywell Aerospace in a report on Wednesday. They issued a “hold” rating and a $243.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Honeywell Aerospace currently has a consensus rating of “Hold” and a consensus target price of $249.83.

Honeywell Aerospace Trading Up 8.7%

Shares of HONA opened at $247.15 on Wednesday. Honeywell Aerospace has a 1 year low of $200.00 and a 1 year 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.