Citi Maintains 3M Hold, $98 PT (MMM)

Citi maintained its 3M MMM Hold rating and $98 price target in a research note published today.

In the report, Citi states, "3M's well-attended analyst meeting on March 17 in St Paul featured a parade of the company's ten fastest growth platforms/regions. As expected, the themes centered on R&D-fueled innovation and emerging markets opportunities. These businesses collectively represent about 27% of revenue today and are growing ~12%, nearly 2x the 3M average."

Shares of 3M were trading at $89.48 in pre-market trading at the time of posting, up 0.89% from Thursday's market close.