The Analyst Verdict: 3M In The Eyes Of 5 Experts
Portfolio Pulse from Benzinga Insights
Five analysts have recently updated their ratings on 3M (NYSE:MMM), with four maintaining an indifferent stance and one rating it as somewhat bearish. The average 12-month price target is now $103.2, up from $102.60, with individual analysts adjusting their targets both upwards and downwards. 3M's financials show a revenue decline of -3.56%, a high net margin of -24.96%, an ROE of -33.28%, an ROA of -4.21%, and a debt-to-equity ratio of 3.6, indicating mixed financial health and potential risks.
January 24, 2024 | 6:00 pm
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NEUTRAL IMPACT
3M has received mixed analyst ratings with a slight increase in the average price target. Financial indicators show both strengths and weaknesses, with a notable revenue decline and high debt-to-equity ratio.
The mixed analyst ratings and the slight increase in the average price target suggest a neutral short-term impact on 3M's stock price. However, the financial challenges and high debt levels could be a concern for investors, potentially limiting any positive sentiment from the updated analyst targets.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100