RBC Capital Maintains Underperform on 3M, Raises Price Target to $87
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Deane Dray maintains a rating of Underperform on 3M (NYSE:MMM) and raises the price target from $78 to $87.

May 01, 2024 | 4:56 pm
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RBC Capital analyst Deane Dray maintains a rating of Underperform on 3M but raises the price target from $78 to $87.
The adjustment in price target by RBC Capital suggests a slightly more optimistic outlook on 3M's valuation, despite maintaining an Underperform rating. This could indicate an expectation of some positive movement in 3M's stock price, but the Underperform rating still suggests caution. Investors might see this as a sign that while 3M's situation could be improving, significant challenges may still lie ahead.
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