3M shares are trading higher after JP Morgan maintained an Overweight rating on the stock and raised its price target from $160 to $165.
Portfolio Pulse from Benzinga Newsdesk
3M shares rose as JP Morgan maintained an Overweight rating and increased its price target from $160 to $165.
October 28, 2024 | 3:59 pm
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POSITIVE IMPACT
3M shares are trading higher following JP Morgan's decision to maintain an Overweight rating and raise the price target from $160 to $165.
The increase in 3M's stock price is attributed to JP Morgan's positive analyst action, which includes maintaining an Overweight rating and raising the price target. Such actions typically boost investor confidence and can lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100