Bernstein Reiterates Rating on 3M Company $MMM
Key Points
- Bernstein now rates 3M Company ($MMM) "sell" with a $131 target.
- Bernstein's $131 price target implies 17.21% downside from 3M Company's ($MMM) current $158.23 share price.
- The Street's average $MMM price target is $185.57 (Buy).
- $MMM last traded around $158.23.
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Bernstein reiterated its rating on 3M Company ($MMM) to a "sell" rating in a recent research note and set a price target of $131, a 17.21% downside from the current price.
3M Company Stock Down 9.2%
Shares of 3M Company ($MMM) traded around $158.23 on Saturday, down 9.2% for the day.
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Analysts Set New Price Targets
About 3M Company
3M Company provides diversified technology services in the America, the Asia Pacific, Europe, the Middle East, Africa, and internationally. It operates through three segments: Safety and Industrial, Transportation and Electronics, and Consumer. The Safety and Industrial segment provides industrial abrasives and finishing for metalworking applications; autobody repair solutions; industrial specialty products, such as personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles. The Transportation and Electronics segment provides ceramic solutions; attachment and bonding, films, sound, and temperature management for transportation vehicles; format graphic films for advertising and fleet signage; reflective signage for highway and vehicle safety; light management films and electronics assembly solutions; chip packaging and interconnection solutions; semiconductor production materials; and data center solutions. The Consumer segment offers cleaning products for the home; consumer air quality products; picture hanging accessories; retail abrasives, paint accessories, and safety products; stationery and office products; automotive appearance products; and consumer bandages, tapes, braces, and supports. It serves automotive; commercial solutions; consumer markets; design and construction; electronics; energy; government; manufacturing; safety; transportation industries. The company offers its products through e-commerce and traditional wholesalers, retailers, jobbers, distributors, channel partner, and dealers, as well as directly to users. 3M Company was founded in 1902 and is headquartered in Saint Paul, Minnesota.
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