Breaking Down 3M: 10 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
Analysts have varied opinions on 3M (NYSE:MMM), with recent ratings showing a mix of bullish and bearish sentiments. The average 12-month price target has increased by 17.09% to $132.6. 3M's financials show strong net margins and ROE, but challenges in revenue growth and debt management.
October 02, 2024 | 7:01 pm
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POSITIVE IMPACT
3M has received mixed analyst ratings, with a recent increase in the average 12-month price target to $132.6, indicating a positive outlook. However, the company faces challenges in revenue growth and debt management.
The increase in the average price target suggests a positive short-term outlook for 3M's stock. Despite mixed ratings, the upward revision in price targets by several analysts indicates confidence in the company's future performance. However, the challenges in revenue growth and debt management could temper this optimism.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100