B of A Securities Upgrades 3M to Buy, Raises Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has upgraded 3M (NYSE:MMM) from Neutral to Buy and raised the price target from $105 to $120, according to analyst Andrew Obin.
June 07, 2024 | 11:01 am
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POSITIVE IMPACT
B of A Securities has upgraded 3M from Neutral to Buy and increased the price target from $105 to $120. This upgrade is likely to positively impact 3M's stock price in the short term.
The upgrade from Neutral to Buy and the increase in the price target from $105 to $120 by a reputable analyst at B of A Securities is a strong positive signal for investors. This is likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100