Argus Initiates Coverage on Honeywell Aerospace (NASDAQ:HONA)

Argus assumed coverage on shares of Honeywell Aerospace (NASDAQ:HONA) in a report released on Thursday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $275.00 price target on the stock. Argus’ price objective points to a potential upside of 24.21% from the stock’s previous close.

A number of other research firms have also commented on HONA. TD Cowen began coverage on Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating and a $250.00 price objective on the stock. Zacks Research upgraded Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. Wells Fargo & Company started coverage on Honeywell Aerospace in a report on Wednesday, July 1st. They set an “equal weight” rating and a $250.00 target price on the stock. Morgan Stanley initiated coverage on Honeywell Aerospace in a research report on Wednesday. They issued an “equal weight” rating and a $255.00 price target on the stock. Finally, Jefferies Financial Group started coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating and a $235.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $253.62.

Honeywell Aerospace Trading Down 1.3%

Shares of NASDAQ HONA traded down $2.95 during midday trading on Thursday, reaching $221.40. The company’s stock had a trading volume of 310,854 shares, compared to its average volume of 2,929,082. Honeywell Aerospace has a fifty-two week low of $200.00 and a fifty-two week high of $297.50.