3M Company (MMM) Gets a Hold Rating from Morgan Stanley

By Jason Carr

In a report released today, Joshua Pokrzywinski from Morgan Stanley maintained a Hold rating on 3M Company (MMMResearch Report), with a price target of $199. The company’s shares closed yesterday at $209.61.

According to TipRanks.com, Pokrzywinski is a 3-star analyst with an average return of 3.7% and a 53.7% success rate. Pokrzywinski covers the Industrial Goods sector, focusing on stocks such as Gates Industrial Corp Plc, Emerson Electric Company, and Rockwell Automation Inc.

Currently, the analyst consensus on 3M Company is a Hold with an average price target of $200.56.

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The company has a one-year high of $224.27 and a one-year low of $176.87. Currently, 3M Company has an average volume of 2.27M.

Based on the recent corporate insider activity of 90 insiders, corporate insider sentiment is negative on the stock. Last month, Michael Vale, the EVP of MMM sold 8,906 shares for a total of $1,774,877.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.