Is 3M Stock Going to $115? 1 Wall Street Analyst Thinks So.
MMM3M(MMM) The Motley Fool·2024-05-14 23:17

3M is finding favor with Wall Street following its recent earnings report, spinoff, and managerial changes. An HSBC analyst recently raised the investment firm's price target on 3M (MMM 0.56%) stock to 115from115 from 91 and upgraded its rating to buy from hold. The upgrade implies a nearly 15% upside for the stock over the next 12 months. It's the latest upgrade for the stock as Wall Street warms to the company after its recent earnings report, implied dividend cut, and spinoff of healthcare business Solventum. ...