Melius Research Downgrades Honeywell Aerospace to Hold Rating
Market analysts at Melius Research downgraded Honeywell Aerospace (NASDAQ:HONA) from 'strong-buy' to 'hold' in a research report issued on Monday, according to Zacks. This downgrade comes as other analysts have also weighed in on the stock. For example, Morgan Stanley raised shares of Honeywell Aerospace from an 'equal weight' rating to an 'overweight' rating and set a $205.00 target price on the stock.
Meanwhile, Weiss Ratings assumed coverage on Honeywell Aerospace in a research report, issuing a 'sell (d)' rating for the company. Wall Street Zen raised Honeywell Aerospace to a 'hold' rating in a report last July, while Evercore set a $210.00 price objective on the stock.
The business has an average rating of 'hold' among analysts and an average target price of $221.54. Institutional investors have been active in buying and selling Honeywell Aerospace shares over the past quarter, with California State Teachers Retirement System purchasing a new stake valued at approximately $24 billion.