Various headlines indicate a growing interest in the 3M Company (MMM) by results-driven investment firms, showing several new acquisitions of the company's shares while others sell off portions of their holdings, demonstrating a mix of investor sentiment. TV host Jim Cramer's bullish sentiments about the stock and its leadership have also been highlighted multiple times. Analysts' predictions about the future performance of the stock appear mixed, with the average price target noted as $148.87. The company's stock has risen by 21.5% in the last six months, and there are ongoing discussions about whether it is the best time to buy. The company has announced changes in leadership and has collectively seen the stock surge by 44% in 2024 due to dividend cut, and with hedge fund interest increasing. Moreover, the company made a headline by announcing a quarterly dividend and a stock buyback plan of up to $7.5 billion. The company also announced its investor day for 2025 along with a forecast for profit growth due to cost-cutting efforts. Furthermore, a major tech alliance with 12 Semiconductor Giants in Silicon Valley identified 3M as an innovation hub.
3m Company MMM News Analytics from Thu, 22 Aug 2024 07:00:00 GMT to Sat, 15 Feb 2025 18:27:49 GMT - Rating 1 - Innovation 5 - Information 7 - Rumor -6
