RBC Raises 3M Price Target Still Underperform
🕓 Estimated Reading Time: 5 minutes Overview RBC Capital Markets has issued an updated outlook on 3M Co. (MMM), a leading diversified global technology company, adjusting its MMM price target upwards to $130. Despite this positive revision in potential share value, the investment bank has maintained its 'Underperform' RBC Capital rating on the stock, signaling continued caution regarding the company's near-term prospects. This mixed signal from a prominent financial institution highlights the complex landscape 3M navigates, balancing its strong brand and diversified portfolio against significant legal challenges and a dynamic industrial market. Investors undertaking 3M stock analysis are left to weigh the improved valuation against the enduring stock underperform recommendation, reflecting ongoing uncertainties surrounding the industrial giant. Background & Context 3M Co., known for its ubiquitous Post-it Notes, Scotch Tape, and a vast array of industrial and consu...