JPMorgan Chase & Co. Initiates Coverage on Honeywell Aerospace (NASDAQ:HONA)

Equities research analysts at JPMorgan Chase & Co. initiated coverage on shares of Honeywell Aerospace (NASDAQ:HONA) in a research note issued to investors on Friday,Benzinga reports. The brokerage set a “neutral” rating and a $255.00 price target on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 14.29% from the company’s current price.

A number of other equities research analysts have also commented on the company. Vertical Research assumed coverage on Honeywell Aerospace in a research report on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price target on the stock. Melius Research upgraded Honeywell Aerospace to a “strong-buy” rating in a research report on Monday, June 29th. Zacks Research raised Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. TD Cowen began coverage on Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating and a $250.00 price objective on the stock. Finally, Morgan Stanley assumed coverage on Honeywell Aerospace in a report on Wednesday. They issued an “equal weight” rating and a $255.00 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 assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $253.78.

Honeywell Aerospace Stock Down 0.5%

NASDAQ HONA opened at $223.12 on Friday. Honeywell Aerospace has a twelve month low of $200.00 and a twelve month high of $297.50.

Honeywell Aerospace is a business unit of Honeywell International that designs and manufactures products and systems for the aviation and aerospace industries. Its offerings include aircraft engines, cockpit and cabin electronics, navigation and surveillance systems, sensors, auxiliary power units, and other connected aerospace technologies used in commercial, defense, and business aviation.

The company serves customers around the world, supplying components and integrated systems for aircraft manufacturers, airlines, military operators, and aftermarket aviation service providers.