Morgan Stanley Maintains Underweight on 3M, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joshua Pokrzywinski maintains an Underweight rating on 3M (NYSE:MMM) and lowers the price target from $102 to $100.
June 27, 2023 | 12:20 pm
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Morgan Stanley maintains an Underweight rating on 3M and lowers the price target from $102 to $100.
Morgan Stanley's lowered price target on 3M indicates a bearish outlook for the stock. The Underweight rating suggests that the analyst believes the stock will underperform compared to other stocks in the market. This news may negatively impact 3M's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100