March 18, 2013 at 09:42 AM EDT
UPDATE: Morgan Stanley Raises PT to $113 on 3M Company on Short-Cycle Re-Acceleration
Morgan Stanley maintained 3M Company (NYSE: MMM ) at Overweight and raised the price target from $111.00 to $113.00. Morgan Stanley analyst Nigel Coe noted, "Although we trim estimates to reflect sharp USD appreciation (especially vs. Yen), we bump up our PT from $111 to $113 as we continue to
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