3M price target lowered to $105 from $122 at Barclays

Barclays analyst Julian Mitchell lowered the firm’s price target on 3M to $105 from $122 and keeps an Underweight rating on the shares. The firm updated its framework for evaluating per- and polyfluoroalkyl substances / aqueous film-forming foam risk for multi-industry companies in light of the EPA proposals on PFAS national drinking water standards last week.