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Bank of America Securities Sticks to Its Buy Rating for 3M (MMM)
In a report released on May 15, Andrew Obin from Bank of America Securities maintained a Buy rating on 3M. The company’s shares closed last Friday at $146.22.
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Obin covers the Industrials sector, focusing on stocks such as Vertiv Holdings, Eaton, and 3M. According to TipRanks, Obin has an average return of 21.2% and a 67.89% success rate on recommended stocks.
3M has an analyst consensus of Moderate Buy, with a price target consensus of $169.93.
Based on 3M’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $6.03 billion and a net profit of $653 million. In comparison, last year the company earned a revenue of $5.95 billion and had a net profit of $1.12 billion
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