Resideo Technologies Pops As Honeywell Indemnity Buyout Boosts Growth Story

1. Resideo Technologies ended Honeywell's indemnification with a $1.59 billion buyout. 2. Morgan Stanley upgraded Resideo rating from Equal-weight to Overweight, price target at $35. 3. End of indemnity clears path for Resideo’s growth and earnings projections. 4. Resideo's planned ADI Global separation could enhance its financial outlook significantly. 5. Analyst sees up to 40 cents increase in annual non-GAAP EPS for Resideo.