Honeywell Aerospace Shares Jump 3.9% Amid Analyst Upgrades

Shares of Honeywell Aerospace (NASDAQ:HONA) rose by 3.9% during trading on Friday, reaching as high as $161.29 and closing at $161.01.

The company's daily trading volume saw a decline of 16% compared to its average daily volume of 3,581,618 shares, with 3,014,974 shares changing hands.

This increase in stock price comes after various analysts have revised their ratings and targets for the company. Wall Street Zen upgraded Honeywell Aerospace to 'hold', while Evercore set a price target of $210.00. BMO Capital Markets cut its price objective from $276.00 to $209.00, but maintained an 'outperform' rating.

Melius Research and Morgan Stanley have also revised their ratings for the company, with Melius upgrading it to 'strong-buy' and Morgan raising it from 'equal weight' to 'overweight'. The consensus rating among analysts currently stands at 'hold', with a price target of $224.17.