3M Reaches Analyst Target Price
February 23, 2017 at 09:55 AM EST
In recent trading, shares of 3M Co (MMM) have crossed above the average analyst 12-month target price of $184.30, changing hands for $186.04/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..