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

By Michael Flannelly
January 29th, 2013

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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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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.

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