3M Company (MMM): Price Target and June Short Interest Disclosure

3M Company (MMM) : 10 investment research analysts covering 3M Company (MMM) have an average price target of $165.8 for the near short term. The highest target price given by the Brokerage Firm to the stock is $190 and the lowest target is $134 for the short term. Analysts expect the variance to be within $19.72 of the average price.

3M Company (MMM) has witnessed a rise of 5.4% or 392,780 shares in its short figure. The short interest augmentation took it from 7,247,074 on June 15,2016 to 7,639,854 on June 30,2016. In terms of floated shares, the short interest was calculated to be 1.3%. The days to cover are 3 given that the daily volume averaged 2,475,293 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, In a research note released to the investors, Citigroup maintains its rating on 3M Company (NYSE:MMM).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Citigroup raises the new price target from $168 per share to $191 per share. The rating by the firm was issued on April 19, 2016.


3M Company (NYSE:MMM): stock turned positive on Thursday. Though the stock opened at $180.15, the bulls momentum made the stock top out at $181.32 level for the day. The stock recorded a low of $179.88 and closed the trading day at $180.9, in the green by 0.94%. The total traded volume for the day was 1,904,280. The stock had closed at $179.21 in the previous days trading.

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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