Analyst Ratings For 3M
Portfolio Pulse from Benzinga Insights
Over the past three months, 11 analysts have evaluated 3M (NYSE:MMM), with opinions ranging from bullish to bearish. Recent analyst actions show a trend towards more positive ratings, with several analysts raising their price targets. The average 12-month price target has increased to $142.0, up from $115.38. Despite a slight revenue decline, 3M maintains strong profitability and financial metrics, though it has a high debt-to-equity ratio.
October 22, 2024 | 7:00 pm
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POSITIVE IMPACT
3M has seen a shift towards more positive analyst ratings, with several analysts raising their price targets. The average 12-month price target has increased to $142.0, indicating a more optimistic outlook. Despite a slight revenue decline, 3M maintains strong profitability and financial metrics, though it has a high debt-to-equity ratio.
The increase in average price target and the shift towards more positive ratings suggest a more optimistic outlook for 3M's stock. Analysts' actions, such as raising price targets and upgrading ratings, typically indicate expected positive performance. However, the high debt-to-equity ratio poses a risk, which is why the importance is not at the maximum level.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100