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Fly News Breaks for September 17, 2018
HON
Sep 17, 2018 | 08:27 EDT
Baird analyst Peter Arment met with Honeywell management and came away reiterating the company is well positioned for sustained healthy organic growth, continued margin expansion, and robust free cash flow that will bolster its already stellar balance sheet. The analyst said the company's fortress is its balance sheet, which is being overlooked by investors but can provide flexibility for M&A and protection from the next downturn. Arment reiterated his Outperform rating and $187 price target on Honeywell shares.
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