3M price target raised to $111 from $100 at Citi

Citi analyst Andrew Kaplowitz raised the firm’s price target on 3M to $111 from $100 and keeps a Neutral rating on the shares. The company’s Q2 results reflect improving operational execution by 3M on still softer demand trends, as well as only a gradually improving operating environment, the analyst tells investors in a research note. The firm believes 3M remains a “show-me” story regarding the recent improvement in its execution.