Jefferies Maintains 3M Co to Buy with Price Target $187.00

Brokerage firm Jefferies Maintains its rating on 3M Co(NYSE:MMM). In a research note issued to the investors, the brokerage major Raises the price-target to $187.00 per share. The shares have been rated Buy. The rating by Jefferies was issued on Apr 12, 2016.

In a different note, On Mar 30, 2016, Morgan Stanley said it Maintains its rating on 3M Co. In the research note, the firm Raises the price-target to $146.00 per share. The shares have been rated ‘Underweight’ by the firm. On Mar 30, 2016, UBS said it Maintains its rating on 3M Co. In the research note, the firm Raises the price-target to $170.00 per share. The shares have been rated ‘Buy’ by the firm. On Mar 30, 2016, Bernstein said it Maintains its rating on 3M Co. In the research note, the firm Raises the price-target to $160.00 per share. The shares have been rated ‘Market Perform’ by the firm. On Mar 15, 2016, Credit Suisse said it Maintains its rating on 3M Co. In the research note, the firm Raises the price-target to $167.00 per share. The shares have been rated ‘Outperform’ by the firm. On Mar 14, 2016, Credit Suisse said it Maintains its rating on 3M Co. In the research note, the firm Raises the price-target to $167.00 per share. The shares have been rated ‘Outperform’ by the firm. On Jan 28, 2016, Deutsche Bank said it Maintains its rating on 3M Co. In the research note, the firm Lowers the price-target to $160.00 per share. The shares have been rated ‘Hold’ by the firm.

3M Co (MMM) made into the market gainers list on Fridays trading session with the shares advancing 0.37% or 0.62 points. Due to strong positive momentum, the stock ended at $168.78, which is also near the day’s high of $169. The stock began the session at $168.32 and the volume stood at 14,17,007 shares. The 52-week high of the shares is $169 and the 52 week low is $134. The company has a current market capitalization of $102,118 M and it has 60,50,38,190 shares in outstanding.

3M Co(MMM) last announced its earnings results on Jan 26, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $7.30B. Analysts had an estimated revenue of $7.21B. Earnings per share were $1.8. Analysts had estimated an EPS of $1.63.

Several Insider Transactions has been reported to the SEC. On Feb 19, 2016, Julie L Bushman (Senior Vice President) sold 12,068 shares at $156.67 per share price.Also, On Feb 19, 2016, Gregory R Page (director) purchased 1,000 shares at $156.63 per share price.On Feb 17, 2016, Khandpur K Ashish (Sr. VP, Chief Tech. Officer) sold 2,735 shares at $154.88 per share price, according to the Form-4 filing with the securities and exchange commission.

3M Company is a diversified technology company. The Company operates in five business segments: Industrial which serves a range of markets such as automotive original equipment manufacturer (OEM) and automotive aftermarket electronics appliance paper and printing packaging food and beverage and construction; Safety and Graphics which serves a range of markets for the safety security and productivity of people facilities and systems; Electronics and Energy which serves customers in electronics and energy markets including solutions for electronic devices telecommunications networks electrical products power generation and distribution and infrastructure protection; Health Care which serves markets that include medical clinics and hospitals pharmaceuticals dental and orthodontic practitioners and health information systems and Consumer which serves markets that include consumer retail office retail home improvement building maintenance and other markets.

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