Honeywell Aerospace (NASDAQ:HONA) Raised to Hold at Zacks Research

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

Several other research firms have also weighed in on HONA. Wolfe Research initiated coverage on shares of Honeywell Aerospace in a report on Monday. They issued a “hold” rating on the stock. BMO Capital Markets assumed coverage on Honeywell Aerospace in a report on Thursday. They issued an “outperform” rating and a $276.00 price target on the stock. 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 target on the stock. Jefferies Financial Group initiated coverage on Honeywell Aerospace in a report on Monday. They issued a “hold” rating and a $235.00 price target for the company. Finally, TD Cowen started coverage on shares of Honeywell Aerospace in a report on Monday. They set a “hold” rating and a $250.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Honeywell Aerospace presently has an average rating of “Hold” and a consensus target price of $249.83.

Honeywell Aerospace Stock Up 8.7%

HONA opened at $247.15 on Wednesday. Honeywell Aerospace has a fifty-two week low of $200.00 and a fifty-two 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.