Jefferies reiterated its 3M MMM Buy rating in a research report published today. Jefferies has previously given 3M a price target of $105.
In the report, Jefferies states, "As a short-cycle material science company with operating leverage, 3M has turned with the economy. Competitive advantages in R&D, manufacturing, and sales appear intact."
Shares of 3M were trading at $89.20 at the time of posting, up 0.79% from Tuesday's market close.
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