Honeywell Aerospace (NASDAQ:HONA) Upgraded by Melius Research to “Strong-Buy” Rating

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

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

Honeywell Aerospace Trading Up 1.9%

Shares of Honeywell Aerospace stock traded up $4.31 on Monday, reaching $225.39. 2,007,842 shares of the company were exchanged, compared to its average volume of 1,807,184. Honeywell Aerospace has a 1-year low of $200.00 and a 1-year 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.