Honeywell to sell personal protective equipment business for $1.33 billion
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Morgan Stanley Comments on Honeywell International (HON) Following Mgmt Meet
November 25, 2024 8:18 AM ESTMorgan Stanley analyst Chris Snyder reiterated an Equalweight rating and $210.00 price target on Honeywell International (NASDAQ: HON).
The analyst comments "We spent time with HON C-Suite this past week and also hosted an access event with investors where conversation was wide ranging focusing on turnaround efforts, balancing the scales between organic growth & margins, and the recent activist shareholder letter. While much can be said around the moving parts of the HON story, we believe it ultimately all boils down to growth. As published in October (Whats Next?), HON has de-rated vs... More
Barclays on Honeywell (HON): 'Sale of remainder of PPE is not a surprise; more news on the portfolio likely to be forthcoming'
November 22, 2024 9:40 AM ESTBarclays analyst Julian Mitchell reiterated an Overweight rating and $252.00 price target on Honeywell International (NASDAQ: HON)
The analyst comments "The bigger question is how HON management will respond to Elliotts proposal; further portfolio measures should narrow the discount to the SoTP (a high 20s P/E on Aero implies RemainCo is being valued at a -25% discount to... More
