RBC Capital Maintains Underperform on 3M, Lowers Price Target to $84
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Deane Dray maintains a rating of Underperform on 3M (NYSE:MMM) and lowers the price target from $85 to $84.
March 07, 2024 | 10:39 am
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RBC Capital analyst Deane Dray maintains a rating of Underperform on 3M and lowers the price target from $85 to $84.
The reduction in price target by RBC Capital, along with the maintenance of an Underperform rating, suggests a negative outlook on 3M's stock performance in the short term. This could lead to a decrease in investor confidence and potentially lower stock prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100