3M price target raised to $170 from $150 at Wells Fargo

Wells Fargo analyst Joseph O’Dea raised the firm’s price target on 3M (MMM) to $170 from $150 and keeps an Overweight rating on the shares. The firm thinks guidance can be reiterated while also rolling tariff headwinds in, a clear positive, but consumer and auto are challenging exposures and cons already embeds solid quarter-over-quarter margin expansion in both T&E and Consumer.