Honeywell Aerospace (NASDAQ:HONA) Shares Up 4.2% – Should You Buy?

Honeywell Aerospace (NASDAQ:HONA) shares shot up 4.2% on Friday . The company traded as high as $204.91 and last traded at $204.07. Approximately 2,692,543 shares were traded during trading, a decline of 9% from the average session volume of 2,963,367 shares. The stock had previously closed at $195.87.

Analyst Upgrades and Downgrades

A number of research firms have commented on HONA. Wall Street Zen upgraded shares of Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. Melius Research upgraded Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. JPMorgan Chase & Co. initiated coverage on Honeywell Aerospace in a research report on Friday, July 10th. They issued a “neutral” rating and a $255.00 price target for the company. Evercore initiated coverage on Honeywell Aerospace in a report on Monday, July 13th. They issued an “in-line” rating and a $250.00 price target for the company. Finally, Morgan Stanley set a $235.00 price objective on Honeywell Aerospace in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, Honeywell Aerospace has a consensus rating of “Hold” and an average target price of $253.75.

Honeywell Aerospace Stock Up 4.2%

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.