Honeywell Aerospace (NASDAQ:HONA) Trading Up 2.4% – Here’s Why

Honeywell Aerospace (NASDAQ:HONA) was up 2.4% during mid-day trading on Wednesday . The company traded as high as $215.50 and last traded at $212.55. Approximately 2,081,399 shares changed hands during mid-day trading, a decline of 31% from the average session volume of 3,019,397 shares. The stock had previously closed at $207.51.

Analyst Upgrades and Downgrades

HONA has been the topic of several recent analyst reports. TD Cowen assumed coverage on Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating and a $250.00 price target on the stock. Vertical Research assumed coverage on Honeywell Aerospace in a research note on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price objective for the company. Zacks Research upgraded Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. BNP Paribas Exane assumed coverage on Honeywell Aerospace in a research report on Tuesday, June 30th. They set a “neutral” rating and a $245.00 target price on the stock. Finally, Evercore began coverage on Honeywell Aerospace in a report on Monday. They issued an “in-line” rating and a $250.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Honeywell Aerospace presently has a consensus rating of “Hold” and an average target price of $251.40.

Honeywell Aerospace Trading Up 2.8%

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.