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3M Started as an “Outperform” at William Blair (MMM)

Diversified manufacturer 3M Company ( MMM ) on Thursday saw its coverage initiated with an "Outperform" rating by analysts at William Blair.

The firm also set a $110 price target on MMM, suggesting a healthy 21% upside to the stock's Wednesday closing price of $90.91.

William Blair noted that the company is a sector leader with attractive end-market exposure.

3M shares were unchanged in premarket trading Thursday.

The Bottom Line

Shares of 3M ( MMM ) have a 2.42% dividend yield, based on last night's closing stock price of $90.91. The stock has technical support in the $84-$85 price area. The shares are trading near all-time highs of $95-$97 a share.

3M Company ( MMM ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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