Zacks Research Upgrades Honeywell Aerospace (NASDAQ:HONA) to Hold

Honeywell Aerospace (NASDAQ:HONA) was upgraded by analysts at Zacks Research to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other analysts also recently weighed in on the company. Wolfe Research initiated coverage on Honeywell Aerospace in a research note on Monday. They issued a “hold” rating on the stock. BMO Capital Markets initiated coverage on Honeywell Aerospace in a research report on Thursday. They set an “outperform” rating and a $276.00 price target for the company. Melius Research raised shares of Honeywell Aerospace to a “strong-buy” rating in a research report on Monday. Wells Fargo & Company began coverage on Honeywell Aerospace in a research note on Wednesday. They issued an “equal weight” rating and a $250.00 target price for the company. Finally, BNP Paribas Exane started coverage on Honeywell Aerospace in a research report on Tuesday. They issued a “neutral” rating and a $245.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $249.83.

Honeywell Aerospace Stock Up 8.7%

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