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3M Added to “US 1 List” at Bank of America Merrill Lynch (MMM)

By
February 19th, 2013

3M Added to "US 1 List" at Bank of America Merrill Lynch (MMM)

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Analysts at Bank of America Merrill Lynch said on Tuesday that they are adding diversified technology company 3M Co (MMM) to its “US 1 List,” which is a collection of the best “Buy” rated stocks according to the research and analyst team.

Citing potential near-term margin and earnings expectations beats, the analysts added MMM to the list. The firm sees shares reaching $113, which suggests about a 9% upside to Friday’s closing price of $103.23.

3M shares were up slightly during pre-market trading on Tuesday. The stock is up about +18% over the past twelve months.

The Bottom Line
Shares of 3M Co (MMM) have a dividend yield of 2.46% based on Friday’s closing price of $103.23 and the company’s annualized dividend payout of $2.54 per share.

3M Co (MMM) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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Disclaimer: Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. The author is not registered as an investment adviser. The author may or may not hold positions in the securities mentioned in this article or video. The author relies upon the "publisher's exclusion" from the definition of "investment adviser" as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.