Honeywell Aerospace Stock Declines Amid Analyst Upgrades
Honeywell Aerospace (NASDAQ:HONA) saw its stock price decline by 1% during mid-day trading on Tuesday. The stock traded as low as $166.03 and closed at $167.32, with approximately 3.8 million shares changing hands.
The company's stock has been the subject of various analyst reports in recent weeks. Weiss Ratings issued a sell rating on the stock, while Evercore set a target price of $210.00. Wolfe Research also initiated coverage on Honeywell Aerospace with a hold rating.
Morgan Stanley upgraded the stock from an 'equal weight' to an 'overweight' rating and set a price objective of $205.00. Institutional investors have been active in buying and selling shares of Honeywell Aerospace, with BlackRock Inc. purchasing a new stake worth over $5 billion.