Honeywell's (HON) stock is undervalued compared to other industrial companies, according to TheStreet's Jim Cramer, who says the stock is currently a buy. Honeywell released an updated report on its overall business late Thursday that indicated it expects improvement in 2017. Last month, Honeywell had given a less optimistic view of next year, and the stock sold off. Honeywell CEO David Cote explained to Cramer that several parts the company's business are doing fine, including commercial, defense and aerospace.
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