Morgan Stanley Initiates Coverage on Honeywell Aerospace (NASDAQ:HONA)

Investment analysts at Morgan Stanley initiated coverage on shares of Honeywell Aerospace (NASDAQ:HONA) in a research note issued to investors on Wednesday, Marketbeat.com reports. The firm set an “equal weight” rating and a $255.00 price target on the stock. Morgan Stanley’s target price would suggest a potential upside of 7.08% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Melius Research upgraded Honeywell Aerospace to a “strong-buy” rating in a research report on Monday, June 29th. BNP Paribas Exane assumed coverage on Honeywell Aerospace in a research report on Tuesday, June 30th. They set a “neutral” rating and a $245.00 price objective for the company. BMO Capital Markets assumed coverage on Honeywell Aerospace in a research note on Thursday, July 2nd. They issued an “outperform” rating and a $276.00 target price on the stock. Wolfe Research started coverage on Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating for the company. Finally, Vertical Research assumed coverage on Honeywell Aerospace in a report on Wednesday, July 1st. They set a “hold” rating and a $243.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $250.57.

Honeywell Aerospace Price Performance

Shares of NASDAQ:HONA opened at $238.14 on Wednesday. Honeywell Aerospace has a one year low of $200.00 and a one year high of $297.50.

Honeywell Aerospace is a business unit of Honeywell that develops and manufactures technologies and systems for aircraft, spacecraft, and other defense and commercial aerospace applications. Its portfolio includes avionics, flight controls, engines and auxiliary power systems, navigation and communication equipment, and a range of safety and connectivity solutions used across the aviation industry.

The company serves a broad customer base that includes commercial airlines, business aviation operators, aircraft manufacturers, defense organizations, and space-related customers.