Honeywell Aerospace (NASDAQ:HONA) Trading Down 5.8% – Time to Sell?

Honeywell Aerospace (NASDAQ:HONA)’s stock price dropped 5.8% during mid-day trading on Wednesday . The stock traded as low as $223.03 and last traded at $224.35. 4,147,559 shares traded hands during trading, an increase of 33% from the average session volume of 3,113,020 shares. The stock had previously closed at $238.14.

Analysts Set New Price Targets

Several brokerages have recently commented on HONA. TD Cowen initiated coverage on Honeywell Aerospace in a research report on Monday, June 29th. They issued a “hold” rating and a $250.00 target price for the company. Vertical Research began 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. BMO Capital Markets began coverage on Honeywell Aerospace in a research report on Thursday, July 2nd. They set an “outperform” rating and a $276.00 price objective for the company. Argus initiated coverage on Honeywell Aerospace in a research note on Thursday. They set a “buy” rating and a $275.00 target price on the stock. Finally, JPMorgan Chase & Co. began coverage on Honeywell Aerospace in a report on Friday. They issued a “neutral” rating and a $255.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $253.78.

Honeywell Aerospace Stock Down 1.1%