ASM Global, Honeywell Form Strategic Alliance To Create Smarter, Safer Venues

ASM Global inked a strategic alliance with Honeywell International Inc HON to help create smarter, safer, and more sustainable venue operations and more enjoyable audience experiences across ASM's international portfolio.
The agreement runs through 2027, no terms were disclosed.
ASM Global will work with Honeywell to establish new standards related to indoor air quality, safety, and regulatory compliance for its VenueShield LIVE proprietary program for venue reopenings and operations.
Honeywell will also create a custom, real-time Healthy Buildings dashboard for the VenueShield LIVE program to help ASM's facilities staff quickly identify and correct critical building controls issues.
Additionally, Honeywell will work with the ASM Global venue network to deploy various technologies that support smarter, safer and more sustainable venues.
Recent analysts Ratings for Honeywell: Deutsche Bank maintained buy and raised price target to $251, Credit Suisse maintained outperform rating and raised the price target from $244 to $247, RBC Capital maintained sector perform rating and raised price target to $231, and Barclays maintained overweight rating and raised price target to $253.
Price action: HON shares are trading higher by 0.31% at $229.25 on the last check Monday.

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