3M price target raised to $165 from $160 at Morgan Stanley

Morgan Stanley analyst Christopher Snyder raised the firm’s price target on 3M (MMM) to $165 from $160 and keeps an Equal Weight rating on the shares. A “relatively positive” 2026 outlook was “overshadowed” by a soft Q4 exit rate, says the analyst, who sees a model “better positioned for revisions compared to broader short-cycle exposure.”