Argus Begins Coverage on Honeywell Aerospace (NASDAQ:HONA)

Equities researchers at Argus began coverage on shares of Honeywell Aerospace (NASDAQ:HONA) in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The brokerage set a “buy” rating and a $275.00 price target on the stock. Argus’ price target points to a potential upside of 24.58% from the company’s current price.

A number of other research firms have also commented on HONA. Wells Fargo & Company assumed coverage on shares of Honeywell Aerospace in a research note on Wednesday, July 1st. They set an “equal weight” rating and a $250.00 price objective on the stock. Zacks Research raised Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. Morgan Stanley assumed coverage on Honeywell Aerospace in a research report on Wednesday. They set an “equal weight” rating and a $255.00 price target on the stock. Vertical Research initiated coverage on Honeywell Aerospace in a research note on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price objective on the stock. Finally, TD Cowen started coverage on Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating and a $250.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $253.78.

Honeywell Aerospace Price Performance

Shares of NASDAQ HONA opened at $220.75 on Thursday. Honeywell Aerospace has a fifty-two week low of $200.00 and a fifty-two week high of $297.50.

Honeywell Aerospace is a business segment of Honeywell that develops and manufactures aerospace products and services for commercial, defense, and space customers. Its offerings include avionics, engines, propulsion systems, mechanical components, flight control systems, auxiliary power units, and various connected aircraft solutions used in aircraft, helicopters, spacecraft, and defense platforms.

The company supports a broad range of applications across the aviation industry, including aircraft manufacturing, maintenance, and modernization.