3M shares are trading higher after JP Morgan upgraded the stock from Neutral to Overweight and raised its price target to $111.
Portfolio Pulse from Benzinga Newsdesk
3M shares are trading higher following an upgrade by JP Morgan from Neutral to Overweight, with a new price target set at $111.
May 01, 2024 | 2:31 pm
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POSITIVE IMPACT
3M's stock received a positive outlook from JP Morgan, upgrading it to Overweight and setting a price target of $111.
The upgrade from JP Morgan is a significant positive endorsement for 3M, indicating a strong confidence in the company's future performance. This is likely to influence investor sentiment positively in the short term, driving up the stock price as market participants adjust their positions based on this new analyst rating.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100