3M Stock Has 20% Upside, According to 1 Wall Street Analyst

The latest analyst update on the industrial conglomerate highlights the ongoing bull vs. bear debate about its stock.A JPMorgan analyst recently lowered his price target on 3M (MMM 0.55%) stock to $110 from$118 and retained his neutral rating on it. That new price target still anticipates a near-20% upside over 12 months from the current price of about $92, highlighting the stock's value case.Why the price target changedIt looks like a downgrade, but in reality, the change reflects the spin off of 3M's hea ...