Melius Research Upgrades Honeywell Aerospace (NASDAQ:HONA) to Strong-Buy

Honeywell Aerospace (NASDAQ:HONA) was upgraded by research analysts at Melius Research to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Several other research analysts have also issued reports on HONA. Wells Fargo & Company started coverage on Honeywell Aerospace in a research report on Wednesday. They set an “equal weight” rating and a $250.00 target price for the company. BNP Paribas Exane initiated coverage on shares of Honeywell Aerospace in a report on Tuesday. They set a “neutral” rating and a $245.00 price objective for the company. Wolfe Research started coverage on shares of Honeywell Aerospace in a research note on Monday. They issued a “peer perform” rating on the stock. Vertical Research initiated coverage on Honeywell Aerospace in a research note on Wednesday. They issued a “hold” rating and a $243.00 price target on the stock. Finally, Jefferies Financial Group began coverage on Honeywell Aerospace in a research report on Monday. They issued a “hold” rating and a $235.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $244.60.

Honeywell Aerospace Stock Up 1.9%

NASDAQ HONA traded up $4.31 during midday trading on Monday, hitting $225.39. The company had a trading volume of 2,007,842 shares, compared to its average volume of 1,807,184. Honeywell Aerospace has a twelve month low of $200.00 and a twelve month 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.