Market Overview

UPDATE: Jefferies & Company Cuts PT to $107 on 3M on Cautious Outlook

Share:
Related MMM
Benzinga's Volume Movers
Stocks Hitting 52-Week Highs
Is A Dividend Cut The End Of The World? Total Return And Final Thoughts, Part V (Seeking Alpha)

Jefferies & Company reiterated its Buy rating on 3M (NYSE: MMM) but lowered its price target from $110 to $107.

Jefferies & Company noted, "Given softer end-market trends, we are trimming 2012E $0.10 to $6.30 (including $0.03 headwind from recent M&A) and 2013E $0.15 to $6.70. Within our large-cap coverage, 3M offers one of the best combinations of shortcycle exposure and 12-18 month risk/reward."

3M closed at $88.73 on Tuesday.

Latest Ratings for MMM

DateFirmActionFromTo
Jan 2015JefferiesMaintainsBuy
Jan 2015BarclaysMaintainsEqual-weight
Jan 2015UBSInitiates Coverage onBuy

View More Analyst Ratings for MMM
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (MMM)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→