Is 3M Stock a Buy at the Predicted $111 Price Target?
Tuesday, 12 March 2024, 14:20
The bull and bear cases
Barclays analyst Julian Mitchell retains a "hold" rating on 3M, raising the target price to $111.
The stock is valued around 10 times its earnings, a low point since the Great Recession.
3M's dividend strategy:
- Maintain dividend: Risk sentiment due to cash concerns.
- Cut dividend: Potential backlash despite improving strategic positioning.
Investment advice
Focusing on growth over dividends may be the path forward for 3M shares.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.