Morgan Stanley Downgrades 3M to Sell with a $125 Price Target

Morgan Stanley analyst Christopher Snyder has maintained a Sell rating on 3M with a price target of $125. Snyder has a 4-star rating and a 52.78% success rate. The Street consensus for 3M is Moderate Buy with a $155.36 average price target. Corporate insider sentiment is negative, with an increase in insiders selling shares. Snyder covers stocks such as 3M, Fastenal, and Lennox International.

A mixed bag of analyst ratings has emerged for 3M (MMM) as corporate insiders continue to sell shares, signaling a potential negative sentiment. Morgan Stanley analyst Christopher Snyder has maintained a Sell rating on 3M with a price target of $125. Snyder, with a 4-star rating and a 52.78% success rate, is one of the top analysts covering 3M, Fastenal, and Lennox International [1].

The Street consensus for 3M is Moderate Buy, with an average price target of $155.36. This consensus is based on 11 analysts offering 12-month price targets, with high and low forecasts ranging from $184.00 to $100.00, respectively [2]. The average price target represents a -0.31% change from the last price of $155.84.

Despite the mixed analyst ratings, 3M's overall stock score reflects a mixed financial situation. The company boasts strong internal metrics such as EBIT margin and ROE but faces external pressures like high leverage, declining revenues, and legal challenges. Technical indicators suggest some stability, and valuation metrics show reasonable pricing. However, positive earnings call insights and strategic initiatives provide a balanced outlook [2].

Corporate insiders have been selling shares, indicating a potential negative sentiment. This trend could influence the stock price, especially if insiders are privy to information that the market is not yet aware of. It is essential for investors to monitor insider trading activities and consider the implications on the stock's performance.

In conclusion, 3M faces a mixed landscape of analyst ratings and corporate insider sentiment. While some analysts maintain a positive outlook, others, like Christopher Snyder, advise against the stock. Investors should closely monitor the company's financial performance and external pressures to make informed decisions.

References:
[1] https://www.tipranks.com/stocks/mmm/forecast
[2] https://www.tipranks.com/stocks/mmm/forecast