Wells Fargo analyst Joseph O’Dea lowered the firm’s price target on 3M (MMM) to $175 from $183 and keeps an Overweight rating on the shares. The firm highlights the stock’s “harsh reaction” for in-line Q4 operating profit vs its estimate and 2026 EPS guide bracketing consensus. Three things stand out to Wells, namely big consumer miss; implied second half of the year demand pick up based on tougher comparisons; and price less than tariffs.
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