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News Breaks
January 24, 2014
09:29 EDTHONHoneywell expects $100M gain from sale of B/E Aerospace shares in Q1
The projects funded in Q4 are estimated to yield about $50M in benefits in 2015. For the FY14, the company expects $130M pension income lift compared to the previous year. Honeywell said the recently announced sale of Friction Materials is expected to close in 2H14, but it will remain a part of their FY14 outlook until that point. The company expects to issue new 5-year targets through 2018 at its upcoming March Investor Day. Comments taken from q4 earnings conference call.
News For HON From The Last 14 Days
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November 23, 2015
12:26 EDTHONCredit Suisse removes General Electric from focus list after recent run-up
Shares of global industrial giant General Electric (GE) are lower in afternoon trading after Credit Suisse's Investment Policy Committee removed the company's shares from the U.S. Focus List. WHAT'S NEW: In a note to investors this morning, Credit Suisse analyst Julian Mitchel and team noted that the firm's Investment Policy Committee removed GE shares from the U.S. focus list after the recent upward move in shares. The firm, which added GE shares to its Focus List on September 16, said the catalysts that it highlighted at that time are now largely reflected in the share price. WHAT'S NOTABLE: Although it removed GE from its U.S. and Global Focus lists, Credit Suisse maintained its Overweight rating on shares and increased its price target to $34 from $31. The firm sees GE as just starting to accelerate measures to drive up its gross margins, whereas its sector peers have already been splitting, spinning off or selling assets to enhance their profit margins higher for years. With GE selling most of its capital intensive and low-to-no growth Capital business while redirecting capital to higher growth and higher margin industrial business, Credit Suisse said shares deserve a higher premium than its peers Honeywell (HON) and United Technologies (UTX). PRICE ACTION: Shares of General Electric are down 0.65% to $30.46 in midday trading.
November 19, 2015
07:30 EDTHONUBS to hold a conference
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November 16, 2015
18:42 EDTHONHoneywell to power Cessna's new Citation Longitude business jet
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07:03 EDTHONHoneywell acquires Satcom1
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05:45 EDTHONHoneywell Aerospace expects 9,2000 deliveries of new business jets through 2025
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