RBC Capital Maintains Underperform on 3M, Raises Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Deane Dray maintains an Underperform rating on 3M (NYSE:MMM) but raises the price target slightly from $99 to $100.
October 23, 2024 | 6:36 pm
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RBC Capital continues to rate 3M as Underperform, indicating a cautious outlook, but slightly raises the price target to $100, suggesting limited upside potential.
The Underperform rating suggests that RBC Capital expects 3M to underperform relative to the market or its peers. The slight increase in the price target from $99 to $100 indicates a marginally improved outlook but still reflects limited growth potential. This news is important for investors as it provides insight into analyst expectations and potential stock performance.
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