Analysts at Bank of America Merrill Lynch said on Tuesday that they are adding diversified technology company 3M Co (MMM) to its “US 1 List,” which is a collection of the best “Buy” rated stocks according to the research and analyst team.
Citing potential near-term margin and earnings expectations beats, the analysts added MMM to the list. The firm sees shares reaching $113, which suggests about a 9% upside to Friday’s closing price of $103.23.
3M shares were up slightly during pre-market trading on Tuesday. The stock is up about +18% over the past twelve months.
The Bottom Line
Shares of 3M Co (MMM) have a dividend yield of 2.46% based on Friday’s closing price of $103.23 and the company’s annualized dividend payout of $2.54 per share.
3M Co (MMM) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.