Deep Dive Into 3M Stock: Analyst Perspectives (6 Ratings)
Portfolio Pulse from Benzinga Insights
In the past three months, 6 analysts have updated their ratings on 3M (NYSE:MMM), showing a shift towards a more cautious stance with 4 indifferent and 2 somewhat bearish ratings. The average 12-month price target is now $99.5, a decrease from the previous $102.83. Analysts from RBC Capital, Mizuho, Citigroup, and Wells Fargo have adjusted their price targets and ratings, reflecting concerns over 3M's market performance and financial health. Despite challenges, 3M's strong net margin and ROE indicate solid financial health.
March 07, 2024 | 1:02 pm
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3M has seen a cautious shift in analyst ratings with a lower average price target of $99.5, reflecting concerns over its market performance. However, its strong financial indicators like net margin and ROE suggest resilience.
The cautious stance by analysts, indicated by the shift towards more bearish ratings and the reduction in the average price target, suggests potential short-term pressure on 3M's stock price. However, the company's strong financial health metrics, such as high net margin and ROE, provide a counterbalance, suggesting resilience. This mixed view leads to a neutral short-term price direction score.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100