- The shares of 3M Co (NYSE: MMM) have received a price target of $172 by UBS. These are the details.
The shares of 3M Co (NYSE: MMM) have received a price target of $172 by UBS. And UBS analyst Markus Mittermaier decreased the price target from $183 while maintaining a “Sell” rating on the company shares.
Mittermaier cited intensifying sales and margin pressure from supply chain constraints along with price and cost headwinds for 3M. And Mittermaier had also cut the operating margin view from 21.5% to 19.3%.
Plus Mittermaier added that the month of September tends to be the most important month of the quarter for 3M. And Mittermaier sees risks that further downward revisions might have to be made.
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