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Non-Tech : 3M (MMM)
MMM 126.99+0.8%Dec 2 4:03 PM EST

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From: GwenJohn1/6/2017 1:53:09 AM
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Analysts believe there is more upside looking forward. The average price target for the next year is $179.00, which is a gain of $14.50. The estimated return would be 8.8%, and with the dividend yield factored in, the estimated total return would be 11.5%, a rare double-digit return in a low-interest-rate environment.
With the continued reinvestment in itself, I am sure 3M Co will hit its next milestone target of $35.0 billion in no time. For income investors looking for dividend growth, 3M Co. is a great company, and with a steadily growing cash flow, the dividend won’t be the only way to reward shareholders, as more share buybacks are likely.
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