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1 Wall Street Analyst Thinks 3M Stock Is Going to $111. Is It a Buy?

TheMotleyFool

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1 Wall Street Analyst Thinks 3M Stock Is Going to $111. Is It a Buy?: https://g.foolcdn.com/editorial/images/768903/dividend-investing-in-2024.jpg

3M (NYSE: MMM) stock remains a battleground among bulls and bears. analyst Julian Mitchell, one of the better analysts in the industrial sector, is on the fence. He recently retained a "hold" rating on the stock and incrementally upgraded the price target to $111 from $110.

While the price target change is no big deal, it still represents a near 19% premium to Monday's closing price and highlights the value case for the stock, which incoming CEO Bill Brown will try to unlock.

Source Fool.com