Barclays Maintains Underweight on 3M, Raises Price Target to $98
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Julian Mitchell maintains an Underweight rating on 3M (NYSE:MMM) and raises the price target from $96 to $98.
October 25, 2023 | 2:40 pm
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NEUTRAL IMPACT
Barclays maintains an Underweight rating on 3M and raises the price target from $96 to $98.
The news is directly related to 3M as Barclays maintains an Underweight rating on the company and raises the price target. This suggests that Barclays sees some potential in the company but still believes it is overvalued. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100