Investopedia: Honeywell Battens Down The Hatches

More and more it's looking like 2013 is going to be a challenging year for a variety of businesses. While it's convenient (and not entirely inaccurate) to lay some of this at the feet of the "fiscal cliff," it also looks like the strong industrial rally in North America is petering out, while Europe and China aren't looking strong enough to take up the slack. With all of that in mind, Honeywell's (NYSE:HON) guidance update was not all that surprising. Though this remains a generally underrated conglomerate, the shares don't look like a tremendous bargain today.

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