The recent correction in shares of Honeywell is understandable given the company's mixed fundamentals in the first half of 2016 and uncertainty around CEO succession, JPMorgan analyst C. Stephen Tusa tells investors in a research note. The current discount to peers at 10% is now too wide, Tusa argues. He says Honeywell is now a top pick in the Electrical Equipment & Multi-Industry space. The analyst keeps an Overweight rating on the shares with a $132 price target.

Notable companies reporting before tomorrow's open, with earnings consensus, include Merck (MRK), consensus $1.87... Caterpillar (CAT), consensus $5.14... Comcast (CMSCA), consensus 99c... Honeywell (HON), consensus $2.17... Bristol-Myers (BMY), consensus ($4.44)... Altria (MO), consensus $1.15... Keurig Dr. Pepper (KDP), consensus 35c... GE Vernova (GEV), consensus (37c)... Royal Caribbean (RCL), consensus $1.33... Tractor Supply (TSCO), consensus $1.72... Mobileye (MBLY), consensus (6c)... Textron (TXT), consensus $1.23... LabCorp (LH), consensus $3.48... Southwest Airlines (LUV), consensus (34c)... American Airlines (AAL), consensus (29c)... Harley-Davidson (HOG), consensus $1.51.