RBC Capital increased the price target of 3M Company (MMM) to $130, but maintained an underperform rating. MMM declared a quarterly dividend of $0.73 and it is suggested that the company's growth has resumed, however, its stock may only mirror earnings momentum. Although MM appears undervalued, analysts predict a good future for the stock, which is seen in the company's strong third-quarter results and incremental increase in full-year margin, as well as Earnings Per Share (EPS) guidance. Despite these positive happenings, investors are cautioned to tread carefully with 3M. Innovation and operational efficiency are some of MMM's targets to boost their margins, along with expectations of substantial Q3 earnings. MMM's firm position on green policies and strong sales growth have resulted in an upgrade in the company's status. However, investor reactions remain varied after MMM increased earnings guidance following a Q3 sales increase.
MMM's commitment to dividend pay-outs remains unperturbed.
The Organizational growth and strategic moves reflected in dividend payout and Q3 earnings, have positioned 3M as a top dividend stock in the industrial sector. Despite overall positives, 3M stocks traded down because of potential spin-off of their industrials business. However, the company is still focused on margin expansion and new product launches. 3M (MMM) will release earnings on Tuesday.
3m Company MMM News Analytics from Tue, 15 Apr 2025 07:00:00 GMT to Sat, 08 Nov 2025 05:33:00 GMT -
Rating 6
- Innovation 7
- Information 8
- Rumor -3
