Why Garrett Motion Stock Is Rebounding Today
Yesterday, shares of Garrett Motion (NASDAQ: GTX) fell 10% after the company announced a big secondary offering. Today, the stock is making back most of what it lost. Shares of Garrett Motion are up 9% as of 10:45 a.m. ET, and the stock is now down just 3% over the past five days.
Image source: Getty Images.
Garrett, the former auto division of Honeywell International, 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
€173.90
0.260%
With 26 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 positive potential of 33.41% compared to the current price of 173.9 € for Honeywell International.
