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3M (MMM) Receives a Sell from RBC Capital

3M (MMM) Receives a Sell from RBC Capital

Business Insider15 hours ago
In a report released on July 16, Deane Dray from RBC Capital maintained a Sell rating on 3M, with a price target of $119.00. The company's shares closed yesterday at $159.04.
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Dray covers the Industrials sector, focusing on stocks such as Carrier Global, Emerson Electric Company, and Trane Technologies. According to TipRanks, Dray has an average return of 14.3% and a 64.93% success rate on recommended stocks.
In addition to RBC Capital, 3M also received a Sell from Morgan Stanley's Christopher Snyder in a report issued on July 11. However, on July 9, Barclays maintained a Buy rating on 3M (NYSE: MMM).
MMM market cap is currently $84.27B and has a P/E ratio of 19.78.
Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MMM in relation to earlier this year. Most recently, in May 2025, John Patrick Banovetz, the EVP of MMM sold 7,759.00 shares for a total of $1,151,236.99.
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