On October 20, 3M rose 3.14% in After-Hours Trading, trading at $167.24/share, with Turnover of $33.077 million.
The most recent company-specific development was Jefferies lowering its price target on 3M to $187 from $191 on October 19, while the stock still carried an average analyst rating of overweight and a mean price target of $189.93.
That target change was modest and remained above the current trading level, suggesting the note was not a severe negative reassessment. Near-term focus is also on 3M's next earnings release scheduled for October 20, with consensus expecting EPS of $2.41, following EPS of $2.40 in the prior reported quarter.
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