Why Did Honeywell Stock Just Drop?
Honeywell (NASDAQ: HON) stock slipped 3.8% through 2:50 p.m. ET Friday after announcing it will pay off about $7.6 billion worth of its dollar- and euro-denominated debt.
Honeywell had earlier offered to repurchase debt through a tender offer. Today's news concerns the result of that tender offer.
Image source: Getty Images.
Source Fool.com
Honeywell International Stock
€193.70
-1.310%
The stock is an absolute favorite of our community with 37 Buy predictions and no Sell predictions.
With a target price of 223 € there is a slightly positive potential of 15.13% for Honeywell International compared to the current price of 193.7 €.
