Investor’s Update: 3M Co (NYSE:MMM)

[The Street] 3M Co (NYSE:MMM) strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, notable return on equity and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.Stock PerformanceTaking a look at the company’s recent performance, 3M Co (NYSE:MMM) reported Second quarter earnings for fiscal 2014 on July 24^th. The company reported actual earnings per share of $1.91 as estimated. This represents year over year downfall of 10.41%. 3M posted revenue of $8.13 billion against estimates of $8.09 billion.3M Co (MMM) is currently valued at $96.77 billion and closed the last trading session at $151.10. The stock has a 50-day moving average of $143.57 and a 200-day moving average of $141.63.

Is this a Buying Opportunity?There are currently twelve analysts that we track that cover the stock. Of those twelve, five have a Buy rating, six have a hold rating and one has a sell rating. On a consensus basis this yields a score of 2.33 and a hold. The combined price objective of these covering analysts is $149.00, which represents a 8.22% upside difference to the last closing price.The most recent analyst activity consisted of Barclays Reiterating their equal weight stance on the company. Barclay has a price target of $152.00 to $149.00 which represents an upside of 10.40% from the last closing price. On the date of the report, the stock closed at $137.68.Another research firm weighing in recently was Stifel Nicolaus who Initiated Coverage on the stock. On September 16^th Stifel Nicolaus upgraded their price target on the stock at $158.00, a 9.08% upside to the current price. On the day of the report, MMM shares closed at $144.48.Company Profile3M Co (NYSE:MMM) operates as a diversified technology company worldwide. Its Industrial segment offers tapes; coated, nonwoven, and bonded abrasives; adhesives; ceramics; sealants; specialty materials; filtration products; closure systems for personal hygiene products; acoustic systems; automotive components; abrasion-resistant films; structural adhesives; and paint finishing and detailing products. The company’s Safety and Graphics segment provides personal protection products; traffic safety and security products; commercial graphics systems; commercial cleaning and protection products; floor matting; and roofing granules.