Morgan Stanley Upgrades 3M to Equal-Weight, Raises Price Target to $113
Portfolio Pulse from richadhand@benzinga.com
Morgan Stanley analyst Joshua Pokrzywinski has upgraded 3M (NYSE:MMM) from Underweight to Equal-Weight and raised the price target from $102 to $113.
August 31, 2023 | 9:21 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
3M has been upgraded by Morgan Stanley from Underweight to Equal-Weight, with a raised price target from $102 to $113.
The upgrade from Morgan Stanley is a positive signal for 3M. The raised price target indicates that the analyst sees potential for the stock's price to increase in the short term. This could lead to increased investor interest and potentially a rise in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100