Mizuho raised the firm’s price target on 3M (MMM) to $155 from $141 and keeps a Neutral rating on the shares. The firm updated estimates in the electrical equipment and multi-industry sector post earnings. Pent-up demand in investment and capex, the reemergence of profit generation and positive portfolio shaping are common themes, the analyst tells investors in a research note. Mizuho’s top picks are Carrier Global (CARR), Emerson Electric (EMR), Pentair (PNR), Applied Industrial (AIT) and Stanley Black & Decker (SWK).
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Read More on MMM:
- 3M price target raised to $167 from $140 at JPMorgan
- Positive Outlook for 3M: Legal Resolutions and Strategic Initiatives Drive Bullish Recommendation
- 3M Shareholders Elect Board, Ratify PwC Appointment
- 3M’s Favorable Legal Settlements and Strategic Risk Management Support Buy Rating
- 3M Reaches Judicial Consent Order on PFAS Case
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