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3M price target raised to $160 from $141 at Citi

Citi raised the firm’s price target on 3M (MMM) to $160 from $141 and keeps a Neutral rating on the shares. After hosting 3M management, the firm believes the company is on the right track toward improved performance given renewed focus instilled by new management. Citi raised the stock’s target multiple to reflect expected improved performance.

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