Jefferies Boosts Price Target On 3M (MMM) to $102
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Price: $106.07 +1.42%
Rating Summary:
5 Buy, 19 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
5 Buy, 19 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Jefferies raised its price target on 3M (NYSE: MMM) from $94 to $102 while reiterating their Buy rating.
The firm comments, "3M's cautious outlook for 2012 included some positives, most notably strength in commercial graphics, QoQ improvement in D&G margins, more confidence on demand stabilization in 1H12, an improving NPVI, and proactive cost-controls. With 3M's short-cycle business positioned to accelerate mid-year, we reiterate our Buy rating."
The firm raised FY12 EPS from $6.02 to $6.20.
For an analyst ratings summary and ratings history on 3M click here. For more ratings news on 3M click here.
Shares of 3M closed at $87.58 yesterday.
The firm comments, "3M's cautious outlook for 2012 included some positives, most notably strength in commercial graphics, QoQ improvement in D&G margins, more confidence on demand stabilization in 1H12, an improving NPVI, and proactive cost-controls. With 3M's short-cycle business positioned to accelerate mid-year, we reiterate our Buy rating."
The firm raised FY12 EPS from $6.02 to $6.20.
For an analyst ratings summary and ratings history on 3M click here. For more ratings news on 3M click here.
Shares of 3M closed at $87.58 yesterday.
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