Growth And ValuationAnalysts see a potential 28% upside based on the sum-of-the-parts valuation, despite the stock trading at a discount compared to peers.
Portfolio OptimizationOngoing active portfolio change should help HON re-rate and close the free cash flow sum-of-the-parts discount.
Strategic DivestitureThe sale of the PPE business, an asset with lower margins than the HON segment average, is likely to be well received by investors from a strategic standpoint.