3M Company (MMM) has shown a strong performance in the bio-tech market. It reported strong
third-quarter results and raised its
full-year 2024 earnings guidance. The company's good performance has led to an increase in its stock value, making it a favourite among investors. The company has also seen institutional investor ownership rates reach
66%. On the downside, some investors have sold their shares, including Mutual Advisors LLC and abrdn plc. The company appointed a new
Chief Financial Officer and completed the spin-off of Solventum. It's worth noting that 3M stock had its best day on record, highlighting the success of its recovery plan, and its Q2 and Q3 earnings have surpassed estimates. Moreover, 3M has made significant strides in its sustainability initiatives by investing in green hydrogen leader, Ohmium, which highlights their continued efforts towards innovation. However, some analysts see a long road ahead with cyclical recovery and PFAS risks.
3m Company MMM News Analytics from Tue, 06 Feb 2024 08:00:00 GMT to Fri, 01 Nov 2024 08:56:46 GMT -
Rating 7
- Innovation 5
- Information 7
- Rumor 4
