3M Company (MMM) volatility near six-month lows into Q4

3M Company (NYSE: MMM) was downgraded to Sell from Neutral at Goldman Sachs and its price target raised to $87 from $82. Overall option implied volatility of 24 is below its 26-week average of 28 according to Track Data. Low option implied volatility suggests decreasing price movement into Q4 results on January 26.

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