Honeywell Stock Climbs on Potential Aerospace Breakup
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Honeywell International Inc (NASDAQ:HON) is considering selling its aerospace unit, with an update expected in January after its Q4 earnings results.
December 16, 2024 | 4:00 pm
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Honeywell is contemplating the sale of its aerospace unit, with further details to be provided in January following its Q4 earnings report.
The potential sale of the aerospace unit could lead to a significant restructuring of Honeywell's business, potentially unlocking value for shareholders. The anticipation of this strategic move is likely to positively impact the stock price in the short term as investors speculate on the benefits of the sale.
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