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Honeywell International: Strategic Simplification and Positive Financial Outlook Affirm Buy Rating
The separation of the material business will better focus on three major trends. Jefferies Financial gives a "hold" rating to Honeywell (HON.US).
Honeywell said earlier on Tuesday that the company expects to spin off the plan to shareholders in a tax-free manner, aiming to complete by the end of 2025 or early 2026.
Honeywell announces plans to spin off its high-performance materials business.
Charlotte, North Carolina, October 9, 2024 / USA Today/ -- Honeywell (NASDAQ: HON) recently announced plans to spin off its high-performance materials business into a separate publicly traded company in the usa, expected to be completed by the end of 2025 or early 2026. Honeywell aims to execute the spin-off plan in a tax-free manner for shareholders. As a leading global supplier focused on sustainable specialty chemicals and materials, this specific business will benefit from enhanced global strategy focus and financial flexibility, seeking innovation and growth opportunities throughout the investment cycle. Additionally, the spin-off plan will allow Honey
Citi Maintains Honeywell(HON.US) With Buy Rating, Cuts Target Price to $240
Why Honeywell Stock Topped the Market on Tuesday
Tradepulse Power Inflow Alert: Honeywell International Inc. Receives Alert And Rises 1.6% During Trading Day
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