$MMM Bullish upgrade from JP Morgans TusaEntry level $177.50 = Target price $198 = Stop loss $171.050
Analysts upgrade details
JPMorgan's Tusa upgrades 3M on Neutral on 'more stable' 2020 earnings JPMorgan analyst Stephen Tusa upgraded 3M to Neutral from Underweight with a price target of $150, up from $143. The stock closed Friday up $3.22 to $175.37. While PFAS chemicals litigation remains a risk, investor focus for the time being will shift towards fundamentals "as the relative earnings revision curve is probably more stable now," Tusa tells investors in a research note. This is helped by a potential uptick in electronics, says the analyst, who raised his 2020 estimates for 3M
Source . thefly.com
