Analyst coverage initiations before the market open
3M (MMM) initiated with a Underperform at Wolfe Research; target $204
United Tech (UTX) initiated with a Outperform at Wolfe Research; target $149
Honeywell (HON) initiated with a Outperform at Wolfe Research; target $170
Johnson & Johnson (JNJ) initiated with a Mkt Perform at Bernstein; target $129