3M (MMM) stock has seen a significant shift with various strategic initiatives leading to a rise in its value. Following a series of stock sales and purchases by various entities, including the National Bank of Canada FI, Franklin Resources Inc., and others, the company is focusing on long-term gain despite potential short-term pain. Despite concerns about slow growth and high valuation, well-known market commentator
Jim Cramer has expressed optimism, stating that '3M is still going up' and it is on the way to regain its former glory. The company is displaying signs of becoming a growth stock again which can be accredited to their
turnaround success. Furthermore, 3M's hiked dividend, a recently approved stock buyback plan of up to $7.5B, and solid Q4 earnings results, have further fueled positive sentiments. The company's earnings optimism, coupled with its strong financial dealings, are setting the stage for margin expansion, offering an encouraging outlook for investors.
3m Company MMM News Analytics from Mon, 09 Sep 2024 07:00:00 GMT to Sat, 05 Apr 2025 21:33:57 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor 2
