Honeywell Aerospace (NASDAQ:HONA) Shares Up 2.4% – Here’s What Happened

Honeywell Aerospace (NASDAQ:HONA)’s share price was up 2.4% during mid-day trading on Tuesday . The stock traded as high as $219.20 and last traded at $215.90. Approximately 2,158,151 shares changed hands during mid-day trading, a decline of 26% from the average daily volume of 2,911,703 shares. The stock had previously closed at $210.83.

Analyst Ratings Changes

Several brokerages recently commented on HONA. Wall Street Zen upgraded shares of Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. BMO Capital Markets began coverage on Honeywell Aerospace in a report on Thursday, July 2nd. They issued an “outperform” rating and a $276.00 price target for the company. Jefferies Financial Group raised shares of Honeywell Aerospace from a “hold” rating to a “positive” rating in a research note on Wednesday. Melius Research raised Honeywell Aerospace to a “strong-buy” rating in a research report on Monday, June 29th. Finally, Wells Fargo & Company initiated coverage on Honeywell Aerospace in a research note on Wednesday, July 1st. They issued an “equal weight” rating and a $250.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $253.75.

Honeywell Aerospace Stock Performance

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.