Morgan Stanley analyst Christopher Snyder maintains $3M (MMM.US)$ with a sell rating, and maintains the target price at $125.
According to TipRanks data, the analyst has a success rate of 52.4% and a total average return of 6.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $3M (MMM.US)$'s main analysts recently are as follows:
The firm has recognized 3M's 'solid' Q3 performance and subsequent earnings projection increase. Management has elevated the minimum expected full-year earnings per share (EPS) forecast. The firm's expectation remains at the upper limit of 3M's guidance.
Following the Q3 report, there's an anticipation that 3M's initiatives on improving productivity will have a continued effect, although the expectations for earnings growth by 2025 suggest a more subdued outlook.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
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.