Barclays Maintains Overweight on 3M, Raises Price Target to $160
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Julian Mitchell maintains an Overweight rating on 3M (NYSE:MMM) and raises the price target from $145 to $160.
October 02, 2024 | 6:15 pm
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Barclays analyst Julian Mitchell has maintained an Overweight rating on 3M and increased the price target from $145 to $160, indicating a positive outlook on the stock.
The increase in price target from $145 to $160 by Barclays suggests a positive outlook on 3M's future performance. The Overweight rating indicates that the analyst expects the stock to outperform its peers. This is likely to have a positive short-term impact on 3M's stock price as investors may view this as a strong endorsement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100