Stocks
Melius Research Downgrades Honeywell Aerospace to Hold
Honeywell Aerospace has been downgraded to 'Hold' from 'Buy' by Melius Research, according to TipRanks.
The downgrade was based on backtested results that showed a strategy of buying securities recommended by the model would have resulted in significant losses under certain assumptions.
The backtested performance is not an indicator of future actual results and is subject to losses due to factors such as lack of liquidity and material economic and market factors.