3M Company shares are trading higher after B of A Securities upgraded the stock from Underperform to Neutral. Also, DA Davidson raised its price target from $138 to $159.
Portfolio Pulse from Benzinga Newsdesk
3M Company's stock is trading higher following upgrades from B of A Securities and DA Davidson. B of A Securities upgraded the stock from Underperform to Neutral, while DA Davidson raised its price target from $138 to $159.
July 11, 2023 | 5:59 pm
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POSITIVE IMPACT
3M Company's stock is expected to perform better in the short term due to upgrades from B of A Securities and DA Davidson.
The upgrades from B of A Securities and DA Davidson are positive indicators for 3M Company's stock. B of A Securities' upgrade from Underperform to Neutral suggests that the stock's performance is expected to improve. Additionally, DA Davidson's raised price target indicates a higher expected value for the stock, which could attract more investors and drive up the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100