RBC Capital Maintains Underperform on 3M, Raises Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Deane Dray maintains an Underperform rating on 3M (NYSE:MMM) but raises the price target from $93 to $95.
July 29, 2024 | 2:39 pm
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NEUTRAL IMPACT
RBC Capital analyst Deane Dray maintains an Underperform rating on 3M but raises the price target from $93 to $95.
The Underperform rating suggests a negative outlook, but the slight increase in the price target indicates some positive adjustments in the valuation. Overall, the impact is neutral as the negative rating balances the positive price target adjustment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100