RBC Capital Reiterates Underperform on 3M, Maintains $95 Price Target
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Deane Dray has reiterated an Underperform rating on 3M (NYSE:MMM) and maintained a $95 price target.
May 22, 2023 | 12:39 pm
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3M (NYSE:MMM) receives an Underperform rating from RBC Capital analyst Deane Dray, with a maintained price target of $95.
The Underperform rating from RBC Capital analyst Deane Dray indicates a negative outlook for 3M's stock in the short term. The maintained price target of $95 suggests that the analyst believes the stock is overvalued at its current price. This news is likely to have a negative impact on 3M's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100