Morgan Stanley Maintains Underweight on 3M, Raises Price Target to $102
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joshua Pokrzywinski maintains an Underweight rating on 3M (NYSE:MMM) and raises the price target from $100 to $102.
July 26, 2023 | 2:38 pm
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Morgan Stanley maintains an Underweight rating on 3M and raises the price target from $100 to $102.
The news is directly related to 3M as Morgan Stanley maintains an Underweight rating on the company. The price target has been raised from $100 to $102, which indicates a slight positive outlook. However, the Underweight rating suggests that the analyst believes the stock may underperform the market, which could potentially have a negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100