Wells Fargo analyst Joe O'Dea maintains $3M (MMM.US)$ with a hold rating, and maintains the target price at $140.
According to TipRanks data, the analyst has a success rate of 60.2% and a total average return of 8.4% 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 and an updated earnings forecast from management, analysts have maintained their optimism regarding 3M's financial trajectory. Management has revised its full-year earnings per share forecast, raising the lower end of its projection. The outlook now stands in line with the higher end of the guidance provided by the company.
Post the Q3 report, the company's productivity measures appear poised for realization, though it's anticipated that earnings growth by 2025 may 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.
