Honeywell Aerospace (NASDAQ:HONA) Shares Up 1.2% – Here’s Why

Honeywell Aerospace (NASDAQ:HONA)’s share price traded up 1.2% during trading on Friday . The company traded as high as $209.77 and last traded at $206.74. Approximately 2,300,579 shares were traded during mid-day trading, a decline of 19% from the average session volume of 2,837,645 shares. The stock had previously closed at $204.32.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on HONA shares. Zacks Research upgraded shares of Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. BNP Paribas Exane began coverage on shares of Honeywell Aerospace in a research report on Tuesday, June 30th. They set a “neutral” rating and a $245.00 price objective for the company. UBS Group initiated coverage on shares of Honeywell Aerospace in a report on Monday, July 20th. They issued a “neutral” rating and a $231.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on Honeywell Aerospace in a report on Friday, July 10th. They set a “neutral” rating and a $255.00 target price for the company. Finally, BMO Capital Markets initiated coverage on Honeywell Aerospace in a research report on Thursday, July 2nd. They set an “outperform” rating and a $276.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $253.75.

Honeywell Aerospace Trading Up 1.2%

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.