3M Earns Average Recommendation of Hold From Brokerages
Shares of 3M Company (NYSE:MMM) have received an average recommendation of 'Hold' from the fifteen brokerages covering the stock, according to Marketbeat Ratings. Analysts have assigned a sell rating to two stocks and a buy rating to eight.
The average 12-month price target among brokers that have issued ratings on the stock is $177.2143. Several research firms have commented on MMM. Royal Bank Of Canada boosted its target price from $123.00 to $132.00, giving the stock an 'underperform' rating.
Citigroup raised its price target from $166.00 to $183.00 and gave the company a 'neutral' rating. Weiss Ratings upgraded shares of 3M from a 'hold (c+)' rating to a 'buy (b-)' rating, while JPMorgan Chase & Co. raised shares of MMM from a 'neutral' rating to an 'overweight' rating and increased its target price from $178.00 to $180.00.
Mizuho boosted its price target on 3M from $160.00 to $180.00, giving the stock a 'neutral' rating. Insider Rodriguez Beatriz Karin Chavez sold 3,635 shares of the business's stock at an average price of $182.51 for a total value of $663,423.85.