3M May Be Pressured By Trump Policy, But Downside Looks Limited: RBC

3M ( MMM ) is rising Wednesday on the heels of an upgrade from RBC Capital Markets —although the firm still doesn’t think the shares are a Buy. Getty Images Analyst Deane Dray and his team upgraded the shares from Underperform to Sector Perform, and boosted their price target to $171 from $155. Dray writes that 3M’s global revenue mix and exposure to healthcare may still come under pressure in a Trump presidency , but the stock has fallen too far since the election, putting its valuation below historical averages.