3M Achieves Extreme Downside Target

On October 18, 2018, we posted 10-Year price targets for 3M (MMM) when the stock was trading at $196.80. At the time, we had estimated 2020  extreme undervalued $141.18.

Since October 18, 2018, 3M has had a closing low of $117.87 on March 23, 2020.

see also: All 10-Year Targets