Honeywell Aerospace (NASDAQ:HONA) Shares Down 1.1% – Here’s What Happened

Honeywell Aerospace (NASDAQ:HONA) traded down 1.1% during trading on Friday . The stock traded as low as $218.85 and last traded at $220.75. 1,893,945 shares changed hands during trading, a decline of 38% from the average session volume of 3,058,390 shares. The stock had previously closed at $223.12.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company began coverage on shares of Honeywell Aerospace in a report on Wednesday, July 1st. They issued an “equal weight” rating and a $250.00 target price for the company. Jefferies Financial Group initiated coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating and a $235.00 price objective for the company. BMO Capital Markets started coverage on Honeywell Aerospace in a research report on Thursday, July 2nd. They set an “outperform” rating and a $276.00 target price for the company. Wolfe Research started coverage on Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating on the stock. Finally, TD Cowen initiated coverage on Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating and a $250.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Honeywell Aerospace has an average rating of “Hold” and an average price target of $253.78.

Honeywell Aerospace Stock Performance