TD Cowen Initiates Coverage on Honeywell Aerospace (NASDAQ:HONA)

Analysts at TD Cowen assumed coverage on shares of Honeywell Aerospace (NASDAQ:HONAGet Free Report) in a research note issued to investors on Monday,Benzinga reports. The firm set a “hold” rating and a $250.00 price target on the stock. TD Cowen’s target price would indicate a potential upside of 10.49% from the company’s current price.

A number of other brokerages have also recently weighed in on HONA. BNP Paribas Exane set a $245.00 price target on Honeywell Aerospace and gave the stock a “neutral” rating in a research report on Tuesday. Jefferies Financial Group set a $235.00 target price on Honeywell Aerospace and gave the stock a “hold” rating in a research report on Monday. Wells Fargo & Company began coverage on shares of Honeywell Aerospace in a report on Wednesday. They set an “equal weight” rating and a $250.00 price target for the company. Finally, Vertical Research initiated coverage on shares of Honeywell Aerospace in a report on Wednesday. They issued a “hold” rating on the stock. Six analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $245.00.

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Honeywell Aerospace Stock Up 2.3%

Shares of NASDAQ:HONA traded up $5.18 during trading on Monday, reaching $226.26. 1,603,001 shares of the company’s stock traded hands, compared to its average volume of 1,751,501. Honeywell Aerospace has a 12 month low of $200.00 and a 12 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.

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