3M Company (MMM) volatility elevated into Q3 miss and guidance

3M Company (NYSE: MMM) is recently down $4.78 to $77.40 in pre-open trading following Q3 missing by 9c. Jefferies has a Buy rating and a price target of $104 on the company. Overall option implied volatility of 31 is above its 26-week average of 25 according to Track Data.

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