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3M (MMM) Stock Price Target Hiked at Barclays Following Earnings Results

NEW YORK (TheStreet) -- 3M's (MMM - Get Report) price target was increased to $150 from $135 at Barclays on Friday.

The firm maintained its "equal weight" rating on the stock.

3M is likely the "highest quality" portfolio in Barclays's coverage, with high margins, high return on investment capital, high barriers to entry in roughly 90% of its business and a "well regarded" management, the firm said in a note.

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