1 Wall Street Analyst Thinks 3M Stock Is Going to $120. Is It a Buy?
MMM3M(MMM) The Motley Fool·2024-06-12 00:40

Wall Street is warming to the industrial giant's investment proposition as a new CEO seeks to improve the company's growth rate. Bank of America Securities recently upgraded 3M (MMM -0.05%), with analyst Andrew Obin changing the stock to a buy rating from neutral and hiking his share price target to 120from120 from 105. This represents a more than 19% premium over the next 12 months to the current stock price. 3M initiated some derisking actions The key to the investment case for the stock involves recognizing t ...