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HON

Honeywell

$135.30

-0.53 (-0.39%)

09:58
07/17/17
07/17
09:58
07/17/17
09:58

Honeywell to provide detergent manufacturing technologies to Farabi

Honeywell announced that Farabi Petrochemicals Company will use Honeywell UOP technologies for a new complex in Yanbu to expand its production of biodegradable detergents. The construction of the new complex is expected to be completed in 2020. As part of the contract, Honeywell UOP will provide catalysts and adsorbents as well as licensing, basic engineering design and other associated services for the new complex. Honeywell UOP technologies include a Unionfining hydrotreating unit, a Molex unit to produce the linear alkylbenzene feedstock necessary for making biodegradable detergents, a Pacol unit for dehydrogenation, a DeFine unit to improve product purity, and a Detal detergent alkylation unit.

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HON Honeywell
$135.30

-0.53 (-0.39%)

06/21/17
HSBC
06/21/17
INITIATION
HSBC
Buy
Honeywell initiated with a Buy at HSBC
HSBC analyst Debashis Chand started Honeywell with a Buy rating and $147 price target.
04/28/17
BOFA
04/28/17
NO CHANGE
Target $145
BOFA
Buy
Third Point involvement will accelerate Honeywell re-rating, says BofA/Merrill
BofA/Merrill analyst Andrew Obin said Third Point's stake in Honeywell will likely accelerate a re-rating in shares. Obin said Honeywell's discounted valuation is likely due to lower free cash flow conversion versus the group due to pension accounting and expects improving free cash flow conversion to remove concerns regarding earnings quality. The analyst also said, if Third Point is successful in arguing for the spin-off of the Aerospace unit, shares could clos the gap with tis Multi-Indusry peers. The analyst rates Honeywell a Buy with a $145 price target.
04/28/17
JEFF
04/28/17
NO CHANGE
Target $141
JEFF
Buy
Jefferies sees 20% returns for Honeywell without spin-off 'distraction'
In a research note titled "Maybe Not the '27 Yankees, But Honeywell is a Pretty Good Team," Jefferies analyst Howard Rubel argues that Honeywell is already on a path that could deliver 20% returns "in a reasonable period of time without the distraction of a spin." Third Point's argument that Honeywell is worth 20% more with an Aerospace spin-off could be right, but it is not clear that this is the only way to make money for shareholders, the analyst contends. Rubel believes the company is already on a path to generate 7%-10% per year of earnings growth with the dividend adding another two points to returns. The analyst keeps a Buy rating on Honeywell with a $141 price target. The stock is up 6% to $30.65 in premarket trading following news of Third Point's activist stake.
03/02/17
OPCO
03/02/17
NO CHANGE
Target $148
OPCO
Outperform
Honeywell price target raised to $148 from $134 at Oppenheimer
Oppenheimer analyst Christopher Glynn raised his price target for Honeywell to $148 from $134 as OM track record exceeds new commitments, organic outlook appears conditioned by recent years' macro headwinds. Further, with defense spending set to turn and Honeywell indicating AM outgrowth of flight hours this year, the analyst thinks an upward tweak of Aero guide could materialize during 2017. He reiterates an Outperform rating on the shares.

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