1 Wall Street Analyst Thinks 3M Stock Is Going to $111. Is It a Buy?

3M (MMM 5.27%) stock remains a battleground among bulls and bears. Barclays analyst Julian Mitchell, one of the better analysts in the industrial sector, is on the fence. He recently retained a "hold" rating on the stock and incrementally upgraded the price target to $111 from$110.The bull and bear casesWhile the price target change is no big deal, it still represents a near 19% premium to Monday's closing price and highlights the value case for the stock, which incoming CEO Bill Brown will try to unlock.T ...