UPDATE: Nomura Upgrades 3M on Multiple Positive Factors

In a report published Wednesday, Nomura analyst Shannon O'Callaghan upgraded the rating on 3M Co. (NYSE: MMM ) from Neutral to Buy, and raised the price target from $128.00 to $150.00. In the report, Nomura noted, “Organic growth is accelerating, capital allocation is turning positive, and margins may even have