Citigroup Maintains Neutral on 3M, Raises Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Andrew Kaplowitz maintains a Neutral rating on 3M (NYSE:MMM) and raises the price target from $98 to $100.

May 01, 2024 | 6:38 pm
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Citigroup maintains a Neutral rating on 3M and raises the price target from $98 to $100.
The increase in price target by Citigroup reflects a slightly more optimistic outlook on 3M's stock, potentially leading to a positive short-term impact on its stock price. The Neutral rating suggests that while there may not be significant upside, the analyst sees enough value at the new target price to adjust it upwards.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100