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

Honeywell Aerospace (NASDAQ:HONA) traded down 5.8% on Wednesday . The company traded as low as $223.03 and last traded at $224.35. 4,147,559 shares were traded during trading, an increase of 33% from the average daily volume of 3,113,020 shares. The stock had previously closed at $238.14.

Wall Street Analyst Weigh In

HONA has been the topic of several analyst reports. Zacks Research upgraded Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. Wells Fargo & Company assumed coverage on shares of Honeywell Aerospace in a research report on Wednesday, July 1st. They set an “equal weight” rating and a $250.00 price target for the company. Wolfe Research started coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating for the company. Melius Research raised shares of Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. Finally, BNP Paribas Exane began coverage on shares of Honeywell Aerospace in a research note on Tuesday, June 30th. They set a “neutral” rating and a $245.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $250.57.

Honeywell Aerospace Trading Down 5.8%