Morgan Stanley Initiates Coverage On 3M with Underweight Rating, Announces Price Target of $125
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has initiated coverage on 3M with an Underweight rating and set a price target of $125.
September 06, 2024 | 1:29 pm
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Morgan Stanley has initiated coverage on 3M with an Underweight rating, indicating a bearish outlook. The price target is set at $125, suggesting potential downside from current levels.
The Underweight rating from Morgan Stanley suggests a bearish outlook on 3M's stock, and the price target of $125 indicates potential downside. This could lead to negative sentiment among investors, potentially impacting the stock price negatively in the short term.
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