On Thursday analysts at Jefferies increased the price target and earning estimates of 3M Co (MMM), adjusting for the recent acquisition of Ceradyne.
The analysts now see shares of 3M reaching $110, a +16% upside to Wednesday’s closing price of $94.78. The firm maintains a “Buy” rating on the diversified products manufacturer.
3M shares were down 15 cents, or -0.16%, during morning trading on Thursday.
The Bottom Line
Shares of 3M (MMM) have a 2.49% dividend yield, based on last night’s closing stock price of $94.78. The stock has technical support in the $87-$88 price area. The stock is trading near all-time highs.
3M Co (MMM) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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