Polar Asset Management Partners Inc has sold 35,800 shares of
3M (MMM).
Citigroup has raised its price target for 3M to $160. The company's stock price is expected to rise, according to a Citigroup analyst. A variety of institutions including
Legacy Private Trust Co., Toronto Dominion Bank, and Wealth Enhancement Advisory Services LLC, among others, have reportedly increased their stock holdings in 3M. At the same time, Farmers Trust Co. and American Investment Services Inc. have sold their shares.
Lansforsakringar Fondforvaltning AB publ has made a new investment, purchasing a stake in 3M. Other investors such as
AlphaCore Capital LLC and
Parr Mcknight Wealth Management Group LLC have also bought tens of thousands of shares. Citigroup believes the 3M's strong fiscal performance justifies its raised price target, and
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp has therefore increased its holdings. Though some executive insiders have been selling off their shares, multiple analysts are signaling that 3M could grow to become an even stronger investment.
Jim Cramer has acclaimed 3M's recent success as ‘the Old 3M is Back.' Despite cautious sales environments weighing on the company, 3M's CEO is keen on adding US production. The company's stock has rallied due to a solid game plan for handling tariffs. 3M has also beat its first quarter revenue expectations, leading to some bullish sentiments.
3m Company MMM News Analytics from Mon, 23 Dec 2024 08:00:00 GMT to Sat, 31 May 2025 18:42:20 GMT -
Rating 7
- Innovation 3
- Information 8
- Rumor -6
