Mizuho Maintains Neutral on 3M, Lowers Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Brett Linzey has maintained a Neutral rating on 3M (NYSE:MMM) and reduced the price target from $120 to $105.
January 24, 2024 | 5:03 pm
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NEGATIVE IMPACT
Mizuho analyst Brett Linzey maintained a Neutral rating on 3M and lowered the price target from $120 to $105, indicating a potential downside or limited upside.
The reduction in price target by Mizuho suggests that the analyst sees either a potential downside or limited upside for 3M's stock price in the short term. This could lead to negative sentiment among investors and potentially result in a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100