Honeywell Aerospace (NASDAQ:HONA) Stock Price Down 3.5% – Should You Sell?

Shares of Honeywell Aerospace (NASDAQ:HONA) traded down 3.5% during mid-day trading on Monday . The company traded as low as $210.23 and last traded at $213.05. 2,913,162 shares traded hands during trading, a decline of 3% from the average daily volume of 2,998,530 shares. The stock had previously closed at $220.75.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HONA. BMO Capital Markets assumed coverage on shares of Honeywell Aerospace in a report on Thursday, July 2nd. They issued an “outperform” rating and a $276.00 price target for the company. Jefferies Financial Group assumed coverage on Honeywell Aerospace in a research report on Monday, June 29th. They issued a “hold” rating and a $235.00 price objective on the stock. Wells Fargo & Company initiated coverage on Honeywell Aerospace in a research note on Wednesday, July 1st. They issued an “equal weight” rating and a $250.00 target price for the company. Melius Research raised Honeywell Aerospace to a “strong-buy” rating in a research note on Monday, June 29th. Finally, Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a report on Sunday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, Honeywell Aerospace presently has an average rating of “Hold” and an average price target of $251.40.

Honeywell Aerospace Price Performance