Jefferies Boosts 3M Price Target, Earning Estimates (MMM)

Jefferies Boosts 3M Price Target, Earning Estimates (MMM)

RSS

On Thursday analysts at Jefferies increased the price target and earning estimates of 3M Co (MMM), adjusting for the recent acquisition of Ceradyne.

The analysts now see shares of 3M reaching $110, a +16% upside to Wednesday’s closing price of $94.78. The firm maintains a “Buy” rating on the diversified products manufacturer.

3M shares were down 15 cents, or -0.16%, during morning trading on Thursday.

The Bottom Line
Shares of 3M (MMM) have a 2.49% dividend yield, based on last night’s closing stock price of $94.78. The stock has technical support in the $87-$88 price area. The stock is trading near all-time highs.

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.

Free Updates

Join over 100,000 investors who get the latest news from Dividend.com.

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today