On CNBC’s "Trading Nation," Nancy Tengler of Laffer Tengler Investments said Honeywell International Inc HON stock has underperformed since the start of the year.
The company’s shares have been held back due to lower-than-expected performance at its aerospace business, which is the company’s most profitable segment. However, it still managed to improve its margins in the current environment.
When air travel returns, Tengler recommends investors look at Honeywell’s stock in the industrial space.
Mizuho Financial Group, Inc. MFG named Eaton Corporation PLC ETN and Johnson Controls International PLC JCI as Top Buys.
Price Action: Honeywell shares dropped 2.1% to close at $205.17 on Friday, while adding 2.2% in after-hours trading. The company’s stock dropped around 1% year-to-date. The S&P 500 Industrials sector dropped 1.7% to close at 863.98 on Friday.
Related Link: Honeywell To Acquire US Digital Designs For Undisclosed Sum
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
