Morgan Stanley Upgrades 3M (MMM) to Equalweight

Morgan Stanley analyst Joshua Pokrzywinski upgraded 3M (NYSE: MMM) from Underweight to Equalweight with a price target of $113.00 (from $102.00).

The analyst comments "3M's liabilities are likely to grow but look better discounted into shares. We see balanced but still wide risk/reward where bear case equity value is limited to the Healthcare spin. Improving fundamentals, achievable consensus margins, and sentiment with room to improve support a bull case."

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 $104.45 yesterday.

You May Also Be Interested In

• BMO Capital Resumes Global Net Lease (GNL), Upgrades to Outperform
• Investec Double Upgrades Alkem Laboratories Ltd (ALKEM:IN) to Buy
• Morgan Stanley Starts Target Hospitality (TH) at Overweight