Honeywell planning to spin off advanced materials division - WSJ

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Citi Reiterates Buy Rating on Air Products & Chemicals Inc. (APD)

October 10, 2024 12:01 PM EDT

Citi analyst Pat Cunningham reiterated a Buy rating and $345.00 price target on Air Products & Chemicals Inc. (NYSE: APD).

The analyst comments "According to CNBC, D.E. Shaw has sent a letter to APD on the lack of urgency to engage in... More

TD Cowen Reiterates Buy Rating on Honeywell International (HON)

October 8, 2024 10:07 AM EDT

TD Cowen analyst Gautam Khanna reiterated a Buy rating and $230.00 price target on Honeywell International (NASDAQ: HON)

The analyst comments "(1) AM Spin-Off - HON announced a tax-free spin of the AM subsegment ($3.8B of sales; >25% EBITDA margin) within the ESS segment, by late 2025/early 2026. AM comprises approx. 10% of HON's sales/EBITDA, respectively, and thus will be dilutive to remainco HON by approx. 10% before... More