3M dips after PT cut at JPMorgan

|About: 3M Company (MMM)|By:, SA News Editor

JPMorgan analyst Stephen Tusa takes aim at 3M (NYSE:MMM), lowering his price target on the stock to a Street-low of $143 (from $154) while maintaining his Underweight rating on shares.

He sees "neither defense, nor growth" at the company and estimates "are far from reset, further laid bare by a cut to the buyback."

MMM -0.5% premarket

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