Analyst Rating Update on 3M Company (MMM)

3M Company (NYSE:MMM) : 4 brokerage houses believe that 3M Company (NYSE:MMM) is a Strong Buy at current levels. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on 3M Company (NYSE:MMM). Zacks Investment Research suggests a Hold with a rank of 3. 3 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 13 Wall Street Analysts endorse the stock as a Hold with a rating of 2.79.

3M Company (NYSE:MMM) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $190 and the lowest price target forecast is $134. The average forecast of all the analysts is $165 and the expected standard deviation is $19.96.

Company shares have received an average consensus rating of Hold for the current week Also, In the latest statement by the brokerage house, Citigroup maintains its outlook on 3M Company (NYSE:MMM). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm raises the price target from $168 per share to $191 per share. The rating by the firm was issued on April 19, 2016.

3M Company (NYSE:MMM): stock turned positive on Tuesday. Though the stock opened at $168.14, the bulls momentum made the stock top out at $169.67 level for the day. The stock recorded a low of $167.96 and closed the trading day at $169.59, in the green by 1.44%. The total traded volume for the day was 2,237,274. The stock had closed at $167.19 in the previous days trading.

In an insider trading activity,The officer (Senior Vice President) of 3m Co, Singh Jesse G sold 35,078 shares at $169.94 on May 12, 2016. The Insider selling transaction had a total value worth of $5,961,155. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

3M Company is a diversified technology company. The Company operates in five business segments: Industrial, which serves a range of markets, such as automotive original equipment manufacturer (OEM) and automotive aftermarket, electronics, appliance, paper and printing, packaging, food and beverage, and construction; Safety and Graphics, which serves a range of markets for the safety, security and productivity of people, facilities and systems; Electronics and Energy, which serves customers in electronics and energy markets, including solutions for electronic devices, telecommunications networks, electrical products, power generation and distribution, and infrastructure protection; Health Care, which serves markets that include medical clinics and hospitals, pharmaceuticals, dental and orthodontic practitioners, and health information systems, and Consumer, which serves markets that include consumer retail, office retail, home improvement, building maintenance and other markets.

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