RBC Capital Maintains Underperform on 3M, Raises Price Target to $100
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Deane Dray has maintained an 'Underperform' rating on 3M (NYSE:MMM) and raised the price target from $95 to $100.
July 26, 2023 | 1:50 pm
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NEUTRAL IMPACT
3M's price target has been raised from $95 to $100 by RBC Capital, though the 'Underperform' rating is maintained.
While the increase in price target is a positive signal, the maintained 'Underperform' rating indicates that the analyst still expects the stock to underperform. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100