Honeywell Aerospace (NASDAQ:HONA) Trading Up 3.8% – What’s Next?

Honeywell Aerospace (NASDAQ:HONA) shares traded up 3.8% on Wednesday . The company traded as high as $208.70 and last traded at $207.78. 2,079,115 shares changed hands during mid-day trading, a decline of 30% from the average daily volume of 2,977,230 shares. The stock had previously closed at $200.14.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HONA. Jefferies Financial Group started coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating and a $235.00 price target for the company. BMO Capital Markets began coverage on Honeywell Aerospace in a research note on Thursday, July 2nd. They issued an “outperform” rating and a $276.00 price objective on the stock. Morgan Stanley set a $235.00 price objective on Honeywell Aerospace in a report on Wednesday, July 15th. Wolfe Research assumed coverage on Honeywell Aerospace in a research report on Monday, June 29th. They issued a “hold” rating for the company. Finally, JPMorgan Chase & Co. initiated coverage on Honeywell Aerospace in a research note on Friday, July 10th. They issued a “neutral” rating and a $255.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $253.75.

Honeywell Aerospace Stock Up 3.8%

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.