Information Provided By:
Fly News Breaks for July 20, 2015
ATRO, BEAV, TDY, HON
Jul 20, 2015 | 08:29 EDT
Cowen believes Honeywell (HON) faces many hurdles to its organic growth, which could lead to M&A activity. The firm believes Honeywell targets could include Teledyne (TDY), BE Aerospace (BEAV) or Astronics (ATRO), which would allow it to grow it market leading telematics position. Cowen reiterated its Outperform rating and $116 price target on Honeywell shares.