Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- RBC Capital analyst Deane Dray downgraded 3M Co (NYSE:MMM) to Underperform from Sector Perform and lowered the price target to $166 (a downside of 7.9%) from $199.
- The analyst believes 3M is entering 2022 with a litany of operating and legal challenges, especially PFAS, which is likely to result in this high-quality Prime further underperforming.
- Dray further adds that ongoing inflation and supply chain pressures have exposed fundamental weaknesses in the company's price/cost actions that are unlikely to be remedied soon.
- Recently, Barclays analyst Julian Mitchell lowered the price target to $177 (a downside of 1.79%) from $182 and kept an Underweight rating on the shares.
- Price Action: MMM shares are trading lower by 1.15% at $178.16 during the premarket session on Wednesday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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