UBS Raises Price Target, Estimates on 3M Following Solid Q4 Growth (MMM)

UBS Raises Price Target, Estimates on 3M Following Solid Q4 Growth (MMM)

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Positive fourth quarter organic growth by 3M Co. (MMM) caused UBS analysts to boost its price target and earning estimates on the diversified product maker on Tuesday.

The analysts now see shares of 3M reaching $110, a +9% upside to Monday’s closing price of $100.65. The firm maintained its “Buy” rating.

3M shares were up slightly during morning trading on Tuesday. The stock is up +15.41% over the past year.

The Bottom Line
Shares of 3M (MMM) have a dividend yield of 2.34% based on last night’s closing price of $100.65.

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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