Citigroup Maintains Neutral on 3M, Raises Price Target to $111
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Andrew Kaplowitz maintains a Neutral rating on 3M (NYSE:MMM) and raises the price target from $100 to $111.
July 26, 2023 | 2:16 pm
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NEUTRAL IMPACT
Citigroup maintains a Neutral rating on 3M and raises the price target from $100 to $111, which may influence investor sentiment.
The raised price target by Citigroup indicates a positive outlook for 3M, which could influence investor sentiment and potentially impact the stock's price. However, the Neutral rating suggests that the stock is expected to perform in line with the market or sector in the next 6-12 months, indicating no significant short-term price movement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100