3M Company (MMM) saw a series of ups and downs in the past months. While it isn't considered a Dividend Aristocrat, many advise that it's still a buy. An upgrade by Bank of America led to a surge in 3M shares, despite a minor stock sink.
Sompo Asset Management Co. Ltd. expanded its holdings, an indicator of growth potential for the company. Investors noted the consistent performance and considered it a trending stock. The stock rallied a 16-month high after a
less-than-feared dividend cut. Moreover, despite a temporary dip, the company announced a successful spin-off of its Health Care Business, rebaptising it as Solventum. The first-quarter results showcased strong operational performance, with an adjusted EPS that surpassed expectations, despite a minor sales decline. With a new CEO coming on board and an operational growth expected, many market watchers still believe the company is undervalued. However, the mixed performance of the shares and cautionary notes from certain banks have left some investors in doubt.
3m Company MMM News Analytics from Thu, 16 Nov 2023 08:00:00 GMT to Sun, 09 Jun 2024 14:37:14 GMT -
Rating 6
- Innovation 3
- Information 6
- Rumor -4
