Goldman Sachs analyst Joe Ritchie said that while MMM had telegraphed a weak quarter for growth, the company's Q1 price and cost figures were still disappointing. He also believes the company's guidance cut, which was the first such reduction in a Q1 since 2015, was a surprise that will weigh on the shares. Ritchie has a Neutral rating and $227 price target on MMM.
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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here