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RBC Capital downgrades 3M to Underperform from Sector Perform

3M

RBC Capital downgrades 3M to Underperform from Sector Perform with a $166 price target, slashed from $199, anticipating a litany of operating and legal challenges that likely will extend the stock's weakness. Resulting earnings misses and guidance cuts are eroding the company's standing as a high-quality bellwether, said RBC.

 

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