Barclays Maintains Underweight on 3M, Lowers Price Target to $93
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Julian Mitchell maintains an Underweight rating on 3M (NYSE:MMM) and has lowered the price target from $103 to $93.
July 10, 2023 | 2:43 pm
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Barclays has maintained an Underweight rating on 3M and lowered the price target from $103 to $93, which could negatively impact the stock's performance.
The lowered price target by Barclays indicates a bearish outlook for 3M. This could lead to a decrease in the stock's price as investors adjust their expectations based on the new price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100