JP Morgan Upgrades 3M to Overweight, Raises Price Target to $111
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Stephen Tusa upgraded 3M (NYSE:MMM) from Neutral to Overweight and increased the price target from $110 to $111.

May 01, 2024 | 2:16 pm
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3M was upgraded by JP Morgan from Neutral to Overweight with a price target increase from $110 to $111.
The upgrade from Neutral to Overweight by a major financial institution like JP Morgan suggests a positive outlook on 3M's stock, indicating an expectation of outperformance in the market. The slight increase in the price target further supports this optimistic view, potentially leading to increased investor confidence and a short-term rise in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100