Barclays analyst Julian Mitchell upgraded 3M to Equal Weight from Underweight with a price target of $107, up from $98. The firm says 3M screens well on its updated stock selection framework. The coming months will show some progress on the company’s mounting legal liabilities, the analyst tells investors in a research note. Barclays cites imminent progress on 3M’s major legal headwinds for the upgrade.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on MMM:
- Appeals court tosses lawsuit against ‘forever chemical’ companies, Axios says
- Landmark Win for Chemical Giants Like 3M (NYSE:MMM); Appeals Court Rejects Massive PFAS Lawsuit
- 3M announces Solventum as name for planned independent healthcare company
- 3M sells LEAP III brand to DAC Technologies
- Avient CEO Robert Patterson to retire, Ashish Khandpur to succeed