RBC Capital analyst Deane Dray maintains $3M (MMM.US)$ with a sell rating, and adjusts the target price from $99 to $100.
According to TipRanks data, the analyst has a success rate of 62.7% and a total average return of 13.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $3M (MMM.US)$'s main analysts recently are as follows:
Following a 'solid' Q3 performance accompanied by increased projections, company management has adjusted their FY24 EPS outlook, with analysis maintaining forecasts at the higher end of the company's guidance.
The company's productivity initiatives are expected to unfold positively, yet it is anticipated that earnings growth by 2025 could be subdued.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
