As part of its ongoing divestiture strategy, Honeywell International Inc. plans to sell its Friction Material business, in addition to a chlor-alkali asset. And analysts believe the shedding of these and other non-essential units could be a turning point for the technology giant. The Aug. 17 announcement of the divestiture, made after the market closed, did not go unnoticed by the Street, as the company’s stock moved up some 3% from its previous close to finish trading at $35.43. At press time, the stock traded at $39.13.
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