Wall Street Cuts 3M, Lifts Schwab

Analysts delivered a mixed bag of calls on Monday. Three standouts deserved attention: a downgrade for MMM, a cut for PWR, and a rare upgrade for SCHW.

3M gets the axe. Analysts downgraded 3M as consensus shifted bearish. The industrial giant now has nine sell ratings versus just two buys. The average target sits at $171.55. That signals little upside from current levels.

Quanta Services downgraded. Quanta Services also lost an upgrade. The electrical infrastructure giant carries a $95B market cap. Its consensus slid lower despite a still-bullish analyst majority. The average target now stands at $756.

Schwab gets rare love. Charles Schwab was upgraded today. The brokerage giant's consensus moved from neutral toward buy. Its target price holds at $120.74. Short interest sits at just 1.5% of free float — shorts are not fighting this one.

Elsewhere, RBC raised its target on CTVA to $103 from $97. UAL also gained a target bump to $162. Both reflect improving earnings sentiment heading into Q3.

The overall tone leans cautious on industrials. Financials got a brighter look.