Breaking Down 3M: 10 Analysts Share Their Views

10 analysts have expressed a variety of opinions on 3M (NYSE:MMM) over the past quarter, offering a diverse set of opinions from bullish to bearish.

The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.

BullishSomewhat BullishIndifferentSomewhat BearishBearishTotal Ratings33220Last 30D010001M Ago000102M Ago000003M Ago32210

In the assessment of 12-month price targets, analysts unveil insights for 3M, presenting an average target of $132.6, a high estimate of $160.00, and a low estimate of $95.00. This upward trend is evident, with the current average reflecting a 17.09% increase from the previous average price target of $113.25.

Deciphering Analyst Ratings: An In-Depth Analysis

The standing of 3M among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

AnalystAnalyst FirmAction TakenRatingCurrent Price TargetPrior Price TargetJulian MitchellBarclaysRaisesOverweight$160.00$145.00Chris SnyderMorgan StanleyAnnouncesUnderweight$125.00-Nicole DeblaseDeutsche BankRaisesBuy$150.00$110.00John EadeArgus ResearchAnnouncesBuy$145.00-Andrew KaplowitzCitigroupRaisesNeutral$133.00$100.00Julian MitchellBarclaysRaisesOverweight$145.00$120.00Andrew ObinB of A SecuritiesRaisesBuy$143.00$120.00Deane DrayRBC CapitalRaisesUnderperform$95.00$93.00Julian MitchellBarclaysRaisesOverweight$120.00$118.00Joe O'DeaWells FargoRaisesEqual-Weight$110.00$100.00Key Insights:

• Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to ...

Full story available on Benzinga.com