Jefferies Reiterates 3M Buy Rating (MMM)

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.