Honeywell Aerospace (NASDAQ:HONA) Coverage Initiated at UBS Group

Stock analysts at UBS Group began coverage on shares of Honeywell Aerospace (NASDAQ:HONA) in a report issued on Monday, Marketbeat.com reports. The brokerage set a “neutral” rating and a $231.00 price target on the stock. UBS Group’s target price would indicate a potential upside of 15.42% from the stock’s previous close.

A number of other analysts also recently issued reports on HONA. Jefferies Financial Group started coverage on Honeywell Aerospace in a research report on Monday, June 29th. They issued a “hold” rating and a $235.00 target price for the company. Wall Street Zen raised 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 target for the company. Morgan Stanley set a $235.00 price objective on Honeywell Aerospace in a report on Wednesday, July 15th. Finally, BNP Paribas Exane initiated coverage on Honeywell Aerospace in a research note on Tuesday, June 30th. They issued a “neutral” rating and a $245.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $253.75.

Honeywell Aerospace Stock Performance

Honeywell Aerospace stock opened at $200.14 on Monday. Honeywell Aerospace has a 12 month low of $195.16 and a 12 month high of $297.50.

Key Headlines Impacting Honeywell Aerospace

Here are the key news stories impacting Honeywell Aerospace this week:

• Positive Sentiment: Honeywell Aerospace landed a record-setting IndiGo order for avionics and APUs across 810 Airbus aircraft, a major long-term revenue opportunity that highlights strong commercial demand. IndiGo makes historic selection of Honeywell Aerospace avionics and APUs to equip 810 new Airbus aircraft in fleet expansion
• Positive Sentiment: The company also won an Aeromexico safety technology deployment on more than 100 aircraft, adding another airline customer and supporting its runway-safety product pipeline. Honeywell Aerospace runway safety technology selected by Aeromexico for intended deployment on more than 100 aircraft
• Positive Sentiment: RBC Capital reiterated a Buy rating, and some commentary suggested the stock may still be undervalued despite the recent rally in contract news. RBC Capital Sticks to Their Buy Rating for Honeywell Aerospace (HONA)
• Neutral Sentiment: UBS initiated coverage with a Neutral rating and a $231 price target, signaling limited near-term upside but not a bearish stance. Honeywell Aerospace rated neutral in new coverage at UBS on limited upside
• Neutral Sentiment: Jim Cramer highlighted Honeywell Aerospace as an industrial blue-chip pick, which is supportive sentiment but not company-specific operational news. Jim Cramer Says Forget Tech: Buy FedEx, Honeywell Aerospace, and GE Aerospace Instead

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.