3M Stock Nears $100 After Bull Note
MMM3M(MMM) Schaeffers Research·2024-05-10 22:06

Blue-chip consumer goods conglomerate 3M Co (NYSE:MMM) is 1.4% higher this morning to trade at 98.69,afterHSBCupgradedthestockto"buy"andraiseditspricetargetto98.69, after HSBC upgraded the stock to "buy" and raised its price target to 115. In the bull note, the analyst pointed towards an improving macroeconomic backdrop that could help 3M see more growth. 3M stock is now within a chip-shot of its May 1, 16-month high of $99.70. The shares' 30-day moving average caught a mid-April pullback, a trendline that's alternated between support and resistance during MMM's zig- ...