Honeywell Aerospace (NASDAQ:HONA) Stock Rating Upgraded by Zacks Research

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

Other analysts have also issued research reports about the stock. BMO Capital Markets began coverage on shares of Honeywell Aerospace in a research note on Thursday. They issued an “outperform” rating and a $276.00 price objective on the stock. TD Cowen started coverage on Honeywell Aerospace in a research report on Monday. They set a “hold” rating and a $250.00 price target on the stock. Wolfe Research initiated coverage on Honeywell Aerospace in a research report on Monday. They set a “hold” rating on the stock. Melius Research raised Honeywell Aerospace to a “strong-buy” rating in a report on Monday. Finally, Wells Fargo & Company initiated coverage on Honeywell Aerospace in a report on Wednesday. They set an “equal weight” rating and a $250.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $249.83.

Honeywell Aerospace Stock Up 8.7%

Shares of NASDAQ HONA opened at $247.15 on Wednesday. Honeywell Aerospace has a 52 week low of $200.00 and a 52 week 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.