BMO Capital Downgrades Honeywell Aerospace to Market Perform, Cuts Target to $181
The new $181 target compares with the prior $213 target and a coverage median of $210 before the action.
Key points
- BMO Capital cut Honeywell Aerospace to market perform from outperform before the open on Oct. 30
- Price target lowered to $181 from $213
- Coverage median before the action was $210; range $170 to $250
- Stock closed at $160.04 on Oct. 29, up 3.9% over 20 sessions
BMO Capital downgraded Honeywell Aerospace Inc. (Nasdaq: HONA) to market perform from outperform before the open on Friday, Oct. 30, and cut its price target to $181 from $213.
BMO Capital's new rating is neutral, down from positive.
Where the coverage stands
Of the 13 firms with at least one rating action on the stock in the past year, four held positive ratings and nine held neutral ratings before Friday. None held negative ratings. The median target among those firms was $210, with a range from $170 to $250. The new $181 target from BMO Capital is the firm's view and sits below that median.
Price and recent filings
Honeywell Aerospace closed at $160.04 on Thursday, Oct. 29, and the stock had risen 3.9% over the 20 sessions to that close. No completed session has followed the action.
The company's market capitalization was about $50.74 billion, based on 317.0 million shares. The company filed a 10-Q on Wednesday, Oct. 28, at 5:00 p.m. ET, and an 8-K the same day, two days before the actions.
Sources
Written with AI from analyst rating changes, SEC filings and market data, and checked against those sources before publishing. Our editorial standards.
More on Honeywell Aerospace
HONA page →Filings, figures and price history are on the Honeywell Aerospace page.