3M Stock: A Deep Dive Into Analyst Perspectives (17 Ratings)
Portfolio Pulse from Benzinga Insights
Analysts' ratings for 3M (NYSE:MMM) over the last quarter show a mix of bullish and bearish sentiments. The average 12-month price target has risen by 2.84% to $104.35. Key analysts have adjusted their ratings and price targets, reflecting dynamic market conditions and company performance. Despite revenue challenges, 3M maintains strong profitability and financial health, though it has a higher debt-to-equity ratio than the industry average.
May 28, 2024 | 2:00 pm
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Analysts' ratings for 3M (NYSE:MMM) show mixed sentiments, with a slight positive shift in the average 12-month price target to $104.35. Key analysts have adjusted their ratings and price targets, reflecting dynamic market conditions and company performance. Despite revenue challenges, 3M maintains strong profitability and financial health, though it has a higher debt-to-equity ratio than the industry average.
The mixed analyst ratings and slight increase in the average price target suggest a cautiously optimistic outlook for 3M. The company's strong profitability and financial health, despite revenue challenges, support a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100