Honeywell Aerospace Shares Dip Amid Analyst Updates

Honeywell Aerospace (NASDAQ:HONA) shares declined by 2.1% during mid-day trading on Friday, with prices reaching as low as $162.00 and closing at $163.60.

The company's share volume increased by a significant 249% to 13,228,915 shares traded hands during this period, exceeding the average session volume of 3,794,249 shares.

This downturn follows recent price targets set by analysts. Morgan Stanley raised its rating for HONA from 'equal weight' to 'overweight' and set a $205.00 target price in a report on August 19th. BNP Paribas Exane cut their price target on Honeywell Aerospace from $245.00 to $210.00 and assigned a 'neutral' rating for the company in a research note on August 6th.

Wall Street analysts have provided various ratings for HONA, with six equities research analysts assigning a 'Buy' rating, nine assigning a 'Hold' rating, and two issuing a 'Sell' rating. The average target price among these analysts is $219.29.