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Honeywell Aerospace Stock Price Drops Amid Decreased Trading Volume

Guavy AI Editorial Team
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HON
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Honeywell Aerospace's stock price fell by 3% during trading on Thursday, closing at $158.46 after reaching as low as $158.29.

The company traded a total of 2,678,341 shares, which is a decline of 30% from the average session volume of 3,801,018 shares.

Honeywell Aerospace announced maintenance-support work for Garuda Indonesia and an upgrade involving cooling technology for the F-35 program, developments that could support recurring aftermarket revenue and reinforce the company's position in military aerospace.

The stock has received analyst ratings from several firms, with Wells Fargo & Company setting a $195.00 price objective and Jefferies Financial Group setting a $175.00 price objective.

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