Citigroup Maintains Neutral on 3M, Lowers Price Target to $104
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Andrew Kaplowitz has maintained a Neutral rating on 3M (NYSE:MMM) and reduced the price target from $117 to $104.
January 24, 2024 | 7:24 pm
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Citigroup has maintained a Neutral rating on 3M but lowered the price target from $117 to $104, indicating a potential downside or limited upside.
The reduction in price target by Citigroup reflects a more cautious view on 3M's stock, potentially influencing investor sentiment and leading to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100