Honeywell Aerospace (NASDAQ:HONA) Shares Down 1.2% – Should You Sell?

Honeywell Aerospace (NASDAQ:HONA)’s share price dropped 1.2% during mid-day trading on Tuesday . The stock traded as low as $195.16 and last traded at $200.14. Approximately 3,197,502 shares traded hands during trading, an increase of 7% from the average daily volume of 2,987,597 shares. The stock had previously closed at $202.47.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. TD Cowen began coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating and a $250.00 target price for the company. Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. JPMorgan Chase & Co. started coverage on Honeywell Aerospace in a research note on Friday, July 10th. They set a “neutral” rating and a $255.00 price objective for the company. BNP Paribas Exane assumed coverage on Honeywell Aerospace in a research report on Tuesday, June 30th. They set a “neutral” rating and a $245.00 price objective for the company. Finally, Jefferies Financial Group initiated coverage on Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating and a $235.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the stock currently 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.