BofA Securities analyst Andrew Obin maintains $3M (MMM.US)$ with a buy rating, and adjusts the target price from $143 to $160.
According to TipRanks data, the analyst has a success rate of 64.2% and a total average return of 12.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $3M (MMM.US)$'s main analysts recently are as follows:
3M's third quarter performance exceeded expectations, prompting management to adjust the lower range of its fiscal year 2024 earnings per share (EPS) outlook upwards. This performance maintains the forecast for 2024 at the higher end of the company's guidance.
The company's productivity initiatives are expected to unfold positively, yet the projections for earnings growth by 2025 suggest it might be subdued.
Note:
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