Citi raised the firm’s price target on 3M (MMM) to $169 from $160 and keeps a Neutral rating on the shares as part of a Q3 earnings preview for the industrials and conglomerates group. The firm expects bifurcation in the reports, with data center demand accelerating while demand trends elsewhere are more mixed.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MMM:
- 3M exploring divestments of industrials assets, Bloomberg says
- 3M named short-term buy idea at Deutsche Bank
- 3M CEO is helping turnaround the company after PFAS issues, Bloomberg reports
- 3M joins semiconductor packaging consortium JOINT3
- 3M Stock (MMM) Fires Lower as Thousands of British Soldiers Sue Over Hearing Loss