Honeywell Aerospace (NASDAQ:HONA) Earns Equal Weight Rating from Analysts at Wells Fargo & Company

Stock analysts at Wells Fargo & Company started coverage on shares of Honeywell Aerospace (NASDAQ:HONA) in a report released on Wednesday. The brokerage set an “equal weight” rating and a $250.00 price target on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 8.75% from the stock’s current price.

Honeywell Aerospace Trading Up 4.0%

Shares of HONA traded up $8.80 during midday trading on Wednesday, hitting $229.88. 1,375,568 shares of the company traded hands, compared to its average volume of 1,734,886. 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.