Credit Suisse downgrades 3M to neutral, says legal issues will hold stock back

Published Tue, Jul 6 20216:06 AM EDTUpdated Tue, Jul 6 202110:40 AM EDT

Jesse Pound @/in/jesse-pound @jesserpound

Traders work under monitors displaying 3M Co. signage on the floor of the New York Stock Exchange (NYSE) in New York.

Michael Nagle | Bloomberg | Getty Images

Shares of 3M likely have a ceiling until the company can provide clarity to investors about the impact from legal and environmental issues on earnings, according to Credit Suisse.

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