3M Company (MMM) Got Some Good News

In a report released today, Joshua Pokrzywinski from Morgan Stanley upgraded 3M Company (NYSE: MMM) to Buy, with a price target of $178.00. The company’s shares closed last Monday at $161.66.

3M Company has an analyst consensus of Hold, with a price target consensus of $167.25, representing a 3.2% upside. In a report issued on September 16, Credit Suisse also assigned a Buy rating to the stock with a $197.00 price target.

According to TipRanks.com, Pokrzywinski is a 4-star analyst with an average return of 5.0% and a 57.7% success rate. Pokrzywinski covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Emerson Electric Company, and Honeywell International.

3M Company’s market cap is currently $93.12B and has a P/E ratio of 18.20. The company has a Price to Book ratio of -10.82.

3M Co. is a technology company, which manufactures industrial, safety and consumer products. It operates through the following segments: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. The Safety and Industrial segment consists of personal safety, industrial adhesives and tapes, abrasives, closure and masking systems, electrical markets, automotive aftermarket, and roofing granules. The Transportation and Electronics segment consists of electronics, automotive and aerospace, commercial solutions, advanced materials, and transportation safety. The Health Care segment includes medical and surgical supplies, skin health and infection prevention products, oral care solutions, separation and purification sciences, health information systems, inhalation and transdermal drug delivery systems, and food safety products. The Electronics & Energy segment involves in the optical films solutions for electronic displays, packaging and interconnection devices; insulating and splicing solutions; touch screens and touch monitors; renewable energy component solutions; and infrastructure protection products. The Consumer segment products includes office supply products, stationery products, home improvement products, home care products, protective material products, certain consumer retail personal safety products, and consumer health care products. The company was founded by Henry S. Bryan, Hermon W. Cable, John Dwan, William A. McGonagle and J. Danley Budd in 1902 and is headquartered in St. Paul, MN.