3M Shares Rise After Bernstein Upgrade

MT newswire2026/09/25 19:31

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03:31 PM EDT, 09/25/2026 (MT Newswires) -- 3M (MMM) shares rose 1.1% on Friday after Bernstein upgraded the stock to market perform from underperform and boosted its price target to $171 per share from $145. Trading volume stood at nearly 1.5 million shares, compared with a daily average of more than 3.2 million. Price: 169.32, Change: +1.80, Percent Change: +1.07

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Tensions in the Middle East have escalated, sending Brent crude soaring over 4% to break above $113 per barrel. This has reinforced expectations of persistently high inflation, prompting central banks around the world to tighten monetary policy. As interest rates climb, the relative appeal of gold diminishes. On Thursday, gold prices plunged 2.8%, dropping below $4,050 per ounce. Analysts point out that precious metals are experiencing capitulation-style selling, and volatility may continue until after the Federal Reserve meeting.

华尔街见闻•2026/10/22 22:08