Citigroup Maintains Neutral on 3M, Raises Price Target to $97
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Andrew Kaplowitz maintains a Neutral rating on 3M (NYSE:MMM) and raises the price target from $95 to $97.
October 25, 2023 | 3:30 pm
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NEUTRAL IMPACT
Citigroup maintains a Neutral rating on 3M and raises the price target from $95 to $97.
The news is directly about 3M and is likely to influence investor sentiment. The raised price target indicates a slightly more positive outlook, but the Neutral rating suggests that the stock is fairly valued at current levels. Therefore, the short-term impact on the stock price is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100