The Zhitong Finance App learned that Citi raised the target price of 3M (MMM.US) from $183 to $188 in the latest research report, maintaining a “neutral” rating. Based on the closing price of $171.37 on October 20, the implied stock price return is about 9.7%, compounded by an expected dividend yield of 1.8%, and the expected total return is about 11.5%. Citi believes that 3M's third-quarter results and management's confidence in its initial target for 2027 have strengthened its commercial execution and judgment that internal self-improvement measures continue to make progress, and are expected to support long-lasting earnings per share growth.
Zhitongcaijing · 3d ago
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The Zhitong Finance App learned that Citi raised the target price of 3M (MMM.US) from $183 to $188 in the latest research report, maintaining a “neutral” rating. Based on the closing price of $171.37 on October 20, the implied stock price return is about 9.7%, compounded by an expected dividend yield of 1.8%, and the expected total return is about 11.5%. Citi believes that 3M's third-quarter results and management's confidence in its initial target for 2027 have strengthened its commercial execution and judgment that internal self-improvement measures continue to make progress, and are expected to support long-lasting earnings per share growth.
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