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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who started this subject	10/3/2003 7:39:21 AM
From: j-at-home	Read Replies (1) of 436258

3M upgraded by Lehman Bros. (MMM) 7:35am 10/03/03 By Tomi Kilgore NEW YORK (CBS.MW) -- Analyst Robert Cornell at Lehman Bros. upgraded 3M (MMM) to "overweight" from "equal weight," and raised his price target on the Dow industrials component to $85 from $70, on the belief the company is poised to exceed expectations. "We believe the pace of organic growth could be exceeding the market expectations," Cornell said in a note to clients. "We see potential for upside earnings per share surprises and concomitantly a higher stock valuation." He raised his 2004 earnings estimate to $3.45 a share from $3.35. Shares of the maker of Post-it notes and Scotch tape closed Thursday up 38 cents at $71.28. 10K! 10K! 10K! ouch

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