3M price target raised to $96 from $93 at Barclays

Barclays analyst Julian Mitchell raised the firm’s price target on 3M to $96 from $93 and keeps an Underweight rating on the shares. The company’s Q2 came in above expectations, underscoring that 3M has set out a more conservative guidance approach in 2023, which investors should welcome, the analyst tells investors in a research note. The firm says the business should be at a trough in terms of momentum.