3M Company (MMM) : Analyst Rating Update

3M Company (MMM) : The consensus on 3M Company (MMM) based on 13 analyst recommendation on the company stock is 2.79, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 3 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

3M Company (MMM) : Average target price received by 3M Company (MMM) is $165 with an expected standard deviation of $19.96. The most aggressive target on the stock is $190, whereas the most downbeat target is $134. 10 financial analysts are currently covering the stock.

3M Company (NYSE:MMM): The stock opened at $175.20 on Wednesday but the bulls could not build on the opening and the stock topped out at $175.47 for the day. The stock traded down to $174.06 during the day, due to lack of any buying support eventually closed down at $175.16 with a loss of -0.27% for the day. The stock had closed at $175.63 on the previous day. The total traded volume was 2,383,286 shares.

Also, Citigroup maintains their rating on the shares of 3M Company (NYSE:MMM). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $191 per share from $168 per share. The rating by the firm was issued on April 19, 2016. The company shares have rallied 15.01% from its 1 Year high price. On Jul 1, 2016, the shares registered one year high at $176.08 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $169.56 and the 200 Day Moving Average price is recorded at $160.90.

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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