Market Overview

Analyst: United Technologies, Honeywell Remain Leaders In Competitive Aerospace Market

Share:
Analyst: United Technologies, Honeywell Remain Leaders In Competitive Aerospace Market

Both United Technologies Corp. (NYSE: UTX) and Honeywell International Inc. (NYSE: HON) will continue to benefit from global construction and aerospace sector growth, according to Tigress Financial Partners’ Ivan Feinseth.

The Analyst

Feinseth recommended the purchase of UTX and Honeywell in a Friday note.

The Thesis

United Technologies CEO Greg Hayes announced the possibility of splitting UTX into three separate operating units: aerospace, climate control and elevators, with great value potential coming from the aerospace division, Feinseth said in a Friday note.

UTX’s aerospace division, UTC Aerospace, continues to benefit from a strong market, including helicopter demand and aircraft engine upgrade cycles, the analyst said. 

In addition to a growing market, UTC’s recent $30-billion acquisition of Rockwell Collins is expected to further enhance the company’s positioning in the aerospace sector while the company remains competitive in a diversified range of sectors at the same time. 

Honeywell, which produces a wide range of aerospace crafts as well as construction supplies and appliances, also stands to benefit from strong global construction and aerospace markets, Feinseth said. 

Price Action

At the time of publication, shares of United Technologies were trading down 0.81 percent at $132.79, while shares of Honeywell traded up 0.98 percent at $154.87. 

Related Links:

Defense Stocks In 2017 With A Trump Presidency

A Powerful Aerospace ETF

Latest Ratings for HON

DateFirmActionFromTo
Feb 2020MaintainsOverweight
Feb 2020MaintainsBuy
Feb 2020MaintainsOutperform

View More Analyst Ratings for HON
View the Latest Analyst Ratings

Posted-In: aerospace Ivan Feinseth rockwell collins Tigress FinancialAnalyst Color Reiteration Analyst Ratings Best of Benzinga

 

Related Articles (HON + UTX)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
MDTCFRAMaintains127.0
CBBCFRAMaintains13.0
AAPCFRAMaintains155.0
WLKCFRADowngrades64.0
CRLWolfe ResearchUpgrades203.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com