Why Garrett Motion Stock Is Down Today
Auto component manufacturer Garrett Motion (NASDAQ: GTX) announced a big secondary offering, meaning more shares on the market. Investors are responding by lowering the value of the shares already out there, sending Garrett down 10% as of 10:45 a.m. ET.
Image source: Getty Images.
Garrett is the former auto division of Honeywell International, and today is a maker of turbochargers for internal combustion engine vehicles as well as components for hybrid and battery electric vehicles.
Source Fool.com
Honeywell International Stock
€203.70
-0.730%
With 25 Buy predictions and not a single Sell prediction Honeywell International is an absolute favorite of our community.
As a result the target price of 232 € shows a slightly positive potential of 13.89% compared to the current price of 203.7 € for Honeywell International.
