Honeywell Aerospace Debuts on Nasdaq with 7% Share Increase
By EC Assets · Published
Honeywell Aerospace shares advanced 7% on Monday during their Nasdaq debut. The debut signifies a new stage in the manufacturing company's breakup. TD Cowen has initiated coverage of Honeywell Aerospace stock with a Hold rating. The firm projects the company's end markets to achieve a 7% sales compound annual growth rate through 2030. However, TD Cowen also anticipates subdued incremental margins. Honeywell International, the parent company, recently reported quarterly earnings per share (EPS) of $2.82. This figure exceeded expectations of $2.70. Honeywell International also raised its full-year guidance, leading to a 7% gain for its shares. The Nasdaq Composite fell 0.38% to 21,098.29, marking its first loss in five days. The Dow Jones Industrial Average dropped 0.46% to 44,632.99. This article is intended for informational purposes only. It does not constitute investment advice.
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