TD Cowen Initiates Coverage on Honeywell Aerospace (NASDAQ:HONA)

Equities research analysts at TD Cowen began coverage on shares of Honeywell Aerospace (NASDAQ:HONAGet Free Report) in a research note issued on Monday,Benzinga reports. The brokerage set a “hold” rating and a $250.00 price target on the stock. TD Cowen’s price target suggests a potential upside of 10.49% from the company’s current price.

Other analysts have also issued reports about the company. Wells Fargo & Company initiated coverage on Honeywell Aerospace in a research note on Wednesday. They issued an “equal weight” rating and a $250.00 price objective on the stock. Vertical Research initiated coverage on shares of Honeywell Aerospace in a research note on Wednesday. They set a “hold” rating for the company. BNP Paribas Exane set a $245.00 price objective on Honeywell Aerospace and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Jefferies Financial Group set a $235.00 target price on shares of Honeywell Aerospace and gave the company a “hold” rating in a report on Monday. Six analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $245.00.

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Honeywell Aerospace Stock Up 2.3%

NASDAQ HONA traded up $5.19 on Monday, reaching $226.27. The stock had a trading volume of 1,725,221 shares, compared to its average volume of 1,776,280. Honeywell Aerospace has a 1-year low of $200.00 and a 1-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.

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