3M price target raised to $100 from $98 at RBC Capital

RBC Capital raised the firm’s price target on 3M (MMM) to $100 from $98 and keeps an Underperform rating on the shares. 3M reported a “solid” Q1 operating beat, driven by better cost management, despite signaling modestly weaker revenues in March, the analyst tells investors in a research note. 3M has successfully sidestepped the tariff fallout for now, with no meaningful impact from customer pre-buy, distributor destocking, or a cut to its growth outlook, RBC says.