- RBC Capital analyst Deane Dray lowered 3M Co's MMM price target to $199 (an upside of 15.3%) from $201 and maintained a Sector Perform rating on the shares.
- Dray cites the company's announcement that its Q4 organic sales are tracking toward the low end of the guidance range, marking the "first negative update" he heard from across the sector.
- Dray says that the management tried to assure that demand is not the issue, but the downward trajectory on fundamentals continues.
- Price Action: MMM shares traded higher by 1.27% at $172.43 on the last check Friday.
MMM3M Co
$126.57-0.46%
Edge Rankings
Momentum
90.93
Growth
17.19
Quality
28.41
Value
21.68
Price Trend
Short
Medium
Long
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
