Deutsche Bank Hikes 3M Price Target to $194.00

Deutsche Bank Aktiengesellschaft analysts have increased their price objective for 3M (NYSE:MMM) from $192.00 to $194.00 in a recent report. The firm currently has a 'hold' rating on the conglomerate's stock, indicating a potential upside of 15.12% from its current price.

This is not the only recent update for 3M. Several other equities analysts have also weighed in on the stock. Royal Bank Of Canada increased their price target on shares of 3M from $123.00 to $132.00 and gave the stock an 'underperform' rating, while JPMorgan Chase & Co. raised shares of 3M from a 'neutral' rating to an 'overweight' rating and upped their price objective for the company from $178.00 to $180.00.

The consensus estimate is now at $181.36, with seven equities research analysts predicting that 3M will post EPS of 8.96 this year. The company has a market capitalization of $86.91 billion and a beta of 1.01.