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Shares of 3M Co (MMM) recently exceeded the average 12-month analyst target price of $147.08, trading at $148.12 per share. This move prompts analysts to consider either downgrading their valuations or raising their target prices based on the company’s current business developments.
Among the 12 analysts covering 3M, targets range from a low of $125 to a high of $175, with a standard deviation of $15.727. The average rating for 3M remains at 3.55 on a scale where 1 is Strong Buy and 5 is Strong Sell, with 10 hold ratings, 1 sell rating, and 4 strong sell ratings.
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