3M Company (MMM) has generated a significant interest amongst investors lately, making notable advancements even during broader market declines. The company's strong second-quarter results and updated full-year 2024 earnings guidance appear to have resonated positively with market participants. Furthermore, there's news on 3M's earplug lawsuit and recent stock performance opinions suggesting it might be a good buy. The latest analyst reviews seem to be encouraging for 3M, and additional positive outcomes include the company’s board declaring a quarterly dividend. The company's stock, rising 21% in a month, has raised debates on its worth. Additionally, the company's shares have soared following strong operational performance and exceeding earnings and cash flow expectations. The successful spin-off of its healthcare business Solventum and appointing a new CEO, William Brown, also marked significant milestones in company's history. Despite some risks and a minor decline in performance, 3M has remained a strong player in its sector. In fact, institutional investors own over 66% of the company, suggesting a strong vote of confidence. However, following a 2024 profit warning, the stock experienced its biggest selloff in five years.
3m Company MMM News Analytics from Thu, 16 Nov 2023 08:00:00 GMT to Fri, 06 Sep 2024 15:04:00 GMT -
Rating 7
- Innovation 2
- Information 8
- Rumor -2
