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.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100