JP Morgan reported on Friday that they have downgraded technology company, 3M Co(MMM).
The firm has lowered their rating for MMM from “Neutral” to “Underweight,” and has given the company a $97 price target. This price target suggests a 1% upside from the stock’s current price of $96.
Analysts see the company lacking near term catalysts.
3M shares were down 89 cents, or -0.91% during premarket trading Friday. The stock has increased 16% in the past year.
The Bottom Line
Shares of 3M (MMM) have a 2.44% dividend yield, based on last night’s closing stock price of $96.89. The stock has technical support in the $90-$92 price area. The shares are 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.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here