Honeywell Aerospace (NASDAQ:HONA) Stock Price Up 1.6% – Here’s Why

Honeywell Aerospace (NASDAQ:HONA)’s share price shot up 1.6% during mid-day trading on Friday . The stock traded as high as $217.83 and last traded at $211.63. 2,454,038 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 2,988,994 shares. The stock had previously closed at $208.37.

Analyst Upgrades and Downgrades

HONA has been the subject of a number of research analyst reports. Evercore initiated coverage on shares of Honeywell Aerospace in a research report on Monday. They issued an “in-line” rating and a $250.00 target price for the company. TD Cowen began coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating and a $250.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on Honeywell Aerospace in a research report on Friday, July 10th. They set a “neutral” rating and a $255.00 target price on the stock. Morgan Stanley set a $235.00 price target on Honeywell Aerospace in a research note on Wednesday. Finally, 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 target for the company. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company 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.