Honeywell's Defense and Space exposure risk smaller, says Bernstein Bernstein said Honeywell's Defense & Space segments prior investments, cost controls, and commercial pricing will allow it to likely grow despite top line pressures. The firm said Honeywell's Defense & Space business mix has changed for the better and no longer represents the risk perceived by investors. Shares are Outperform rated with a $76 price target.
News For HON From The Last 14 Days
Check below for free stories on HON the last two weeks.
Honeywell awarded $72.4M contract from U.S. Army Honeywell has won a three-year, $72.4M maintenance and training contract from the U.S. Army for Total Package Fielding Army Modernization Training to provide mission-capable vehicles and requisite training to safely operate and maintain heavy tactical vehicles. The award is a component of the ongoing support that Honeywell Technology Solutions has been providing to the Heavy Tactical Wheeled Vehicles Program for over 18 years. Heavy Tactical is part of the U.S. Army Tank-automotive and Armaments Command Heavy Tactical Vehicles Program Manager under the TACOM Transportation Systems Program Executive Office.
Honeywell added to Top Picks Live list at Citigroup Citigroup added Honeywell to its Top Picks Live list citing upbeat meetings with management and the company's Q1 results. Citi keeps a Buy rating on the stock with an $87 price target.