Honeywell Aerospace (NASDAQ:HONA) Stock Price Down 5.8% – Should You Sell?

Shares of Honeywell Aerospace (NASDAQ:HONA) dropped 5.8% during mid-day trading on Wednesday . The company traded as low as $223.03 and last traded at $224.35. Approximately 4,147,559 shares changed hands during trading, an increase of 33% from the average daily volume of 3,113,020 shares. The stock had previously closed at $238.14.

Wall Street Analyst Weigh In

HONA has been the topic of a number of research reports. BNP Paribas Exane started coverage on Honeywell Aerospace in a report on Tuesday, June 30th. They issued a “neutral” rating and a $245.00 price objective on the stock. Zacks Research raised shares of Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. Morgan Stanley began coverage on shares of Honeywell Aerospace in a report on Wednesday. They issued an “equal weight” rating and a $255.00 price target on the stock. Jefferies Financial Group started coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating and a $235.00 price target on the stock. Finally, TD Cowen began coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating and a $250.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $250.57.

Honeywell Aerospace Price Performance