3M, C4 Therapeutics, Pepsico among companies with analyst rating changes
MMM•Analysts cut price targets for 3M to $185 from $205 and Pepsico to $132 from $138. JPMorgan initiated coverage of C4 Therapeutics with an overweight rating and a $10 target.
1. Analyst actions
Wall Street analysts revised ratings and price targets on numerous U.S.-listed companies on Friday. JPMorgan cut its target for 3M to $185 from $205, while Deutsche Bank lowered its Pepsico target to $132 from $138. JPMorgan initiated coverage of C4 Therapeutics with an overweight rating and a $10 price target.
2. Other changes
The roundup also included Scotiabank cutting AT&T’s target to $26.50 from $27.50 and Barclays lowering Edison International’s target to $53 from $75. Across the list, analysts made rating and target changes covering companies in multiple industries.
