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Stock impact report

Citigroup Lowers 3M (MMM) Price Target Ahead of Q1, Keeps Neutral Rating [Yahoo! Finance]

3M Company (MMM) 
Last 3m company earnings: 4/28 06:30 am Check Earnings Report
US:NYSE Investor Relations: investors.3m.com/overview/default.aspx
Company Research Source: Yahoo! Finance
On April 13, Citigroup lowered its price recommendation on 3M Company (NYSE:MMM) to $166 from $175. It kept a Neutral rating on the shares. The firm made the change as part of its Q1 preview across the industrials group. Citi said “gradually improving” industrial trends are still in place and should support solid Q1 earnings for most companies in the sector. On April 1, Wells Fargo analyst Joseph O'Dea lowered the firm's price goal on MMM to $160 from $175. It reiterated an Overweight rating. The firm said the Middle East conflict did not lead to a noticeable rise in caution during its recent calls. At the same time, it noted that tariffs had stalled a PMI recovery last year. Wells now sees a similar risk, where a new layer of uncertainty could weigh on sentiment until there is a clearer direction. Earlier in March, 3M announced a partnership with Bain Capital to acquire Madison Fire & Rescue for $1.95 billion. The deal sets up a joint venture. 3M will hold a 50.1% stake and cont Show less Read more
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