3M price target raised to $165 from $161 at Barclays

Barclays raised the firm’s price target on 3M (MMM) to $165 from $161 and keeps an Overweight rating on the shares following the Q4 report. The company’s operating margins “remain very lumpy” quarter-to-quarter, but its year-over-year operational earnings growth is steadier, the analyst tells investors in a research note. The firm says expectations are not low into the capital markets day, but the stock’s valuation remains inexpensive.