Wolfe Research Initiates Coverage on Honeywell Aerospace (NASDAQ:HONA)

Investment analysts at Wolfe Research assumed coverage on shares of Honeywell Aerospace (NASDAQ:HONA) in a note issued to investors on Monday,Benzinga reports. The firm set a “peer perform” rating on the stock.

Other research analysts have also recently issued research reports about the company. Jefferies Financial Group set a $235.00 price objective on Honeywell Aerospace and gave the stock a “hold” rating in a research report on Monday. Vertical Research started coverage on Honeywell Aerospace in a research report on Wednesday. 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 set a $245.00 price target on Honeywell Aerospace and gave the company a “neutral” rating in a report on Tuesday. Finally, TD Cowen began coverage on shares of Honeywell Aerospace in a research note on Monday. They set a “hold” rating and a $250.00 price objective for the company. Six investment analysts have rated the stock with a Hold rating, According to MarketBeat, Honeywell Aerospace currently has a consensus rating of “Hold” and a consensus price target of $245.00.

Honeywell Aerospace Price Performance

Shares of HONA stock traded up $5.19 during trading hours on Monday, hitting $226.27. The stock had a trading volume of 1,725,221 shares, compared to its average volume of 1,776,280. 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 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.