Citigroup Lowers 3M (MMM) Price Target Ahead of Q1, Keeps Neutral Rating

3M Company (NYSE:MMM) is included among the 10 Best Dow Stocks to Invest in Now.

Citigroup Lowers 3M (MMM) Price Target Ahead of Q1, Keeps Neutral Rating

On April 13, Citigroup lowered its price recommendation on 3M Company (NYSE:MMM) to $166 from $175. It kept a Neutral rating on the shares. The firm made the change as part of its Q1 preview across the industrials group. Citi said “gradually improving” industrial trends are still in place and should support solid Q1 earnings for most companies in the sector.

On April 1, Wells Fargo analyst Joseph O’Dea lowered the firm’s price goal on MMM to $160 from $175. It reiterated an Overweight rating. The firm said the Middle East conflict did not lead to a noticeable rise in caution during its recent calls. At the same time, it noted that tariffs had stalled a PMI recovery last year. Wells now sees a similar risk, where a new layer of uncertainty could weigh on sentiment until there is a clearer direction.

Earlier in March, 3M announced a partnership with Bain Capital to acquire Madison Fire & Rescue for $1.95 billion. The deal sets up a joint venture. 3M will hold a 50.1% stake and contribute its Scott Safety unit, while receiving $700M in cash. The combined business is expected to broaden 3M’s safety portfolio and strengthen its offerings for firefighters and industrial workers. The transaction is expected to close in the second half of 2026.

3M Company (NYSE:MMM) operates as a diversified technology company, manufacturing and marketing a wide range of products and services. Its segments include Safety and Industrial, Transportation and Electronics, and Consumer.

While we acknowledge the risk and potential of MMM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MMM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: Top 10 Reddit Stocks That Will Skyrocket and 12 High Dividend Stocks Picked By Billionaire Ray Dalio

Disclosure: None. Follow Insider Monkey on Google News.