Citi raises 3M (MMM.US) target price to $188, with new businesses such as data centers supporting long-term growth

According to Golden Ten Data APP, Citi has raised the target price of 3M (MMM.US) from $183 to $188 in its latest research report and maintains a "neutral" rating. Based on the closing price of $171.37 on October 20, the implied share price return is about 9.7%. Combined with an expected dividend yield of 1.8%, the total expected return is approximately 11.5%. Citi believes that 3M’s third-quarter results and management's confidence in their preliminary goals for 2027 reinforce its view of continuous progress in business execution and internal self-improvement initiatives, which may support sustained growth in earnings per share.