Wells Fargo Maintains Equal-Weight on 3M, Raises Price Target to $140
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Joe O'Dea maintains an Equal-Weight rating on 3M (NYSE:MMM) and raises the price target from $130 to $140.
October 07, 2024 | 8:07 pm
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POSITIVE IMPACT
Wells Fargo has maintained its Equal-Weight rating on 3M and increased the price target from $130 to $140, indicating a positive outlook.
The increase in price target from $130 to $140 by Wells Fargo suggests a positive outlook for 3M, which could lead to a short-term increase in stock price. The maintained Equal-Weight rating indicates a balanced view, but the raised target price is a positive signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100