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3M (MMM) Stock Climbs, Upgraded at Barclays

NEW YORK (TheStreet) -- Shares of 3M (MMM) were gaining in pre-market trading on Monday following an upgrade to "overweight" from "equal weight" at Barclays earlier today.

The stock's recent pullback creates an "attractive entry point," Barclays claimed.

The firm raised its price target to $194 from $171 on shares of the maker of Post-it Notes and Scotch tape.

"The investment case is based on our view that the negative earnings revision cycle is nearing an end, greater visibility on key end markets - notably non-res construction...


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