The latest analyst update on the industrial conglomerate highlights the ongoing bull vs. bear debate about its stock.A JPMorgan analyst recently lowered his price target on 3M (MMM 0.55%) stock to $110 from $118 and retained his neutral rating on it. That new price target still anticipates a near-20% upside over 12 months from the current price of about $92, highlighting the stock's value case.Why the price target changedIt looks like a downgrade, but in reality, the change reflects the spin off of 3M's hea ...

The latest trading session saw 3M (MMM) ending at $93.18, denoting a +0.59% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily gain of 0.74%. Meanwhile, the Dow experienced a drop of 0.01%, and the technology-dominated Nasdaq saw an increase of 1.68%.Shares of the maker of Post-it notes, industrial coatings and ceramics witnessed a loss of 10.99% over the previous month, beating the performance of the Conglomerates sector with its loss of 11.97% and underperforming ...

"Consumers are making more conscious purchasing decisions as they prioritize products that have a reduced impact on the environment. Scotch-Brite is committed to providing eco-friendly solutions that answer this need and are built to last," said Amanda Dauphinais, vice president, 3M Home and Auto Care. "We are thrilled to be launching two new products featuring recycled content and plant-based materials that emphasize our commitment to sustainability. Both products harness Scotch-Brite's cleaning expertise ...

In the latest market close, 3M (MMM) reached $93.19, with a +0.38% movement compared to the previous day. The stock exceeded the S&P 500, which registered a gain of 0.11% for the day. Elsewhere, the Dow lost 0.11%, while the tech-heavy Nasdaq added 0.23%.Heading into today, shares of the maker of Post-it notes, industrial coatings and ceramics had gained 0.16% over the past month, outpacing the Conglomerates sector's loss of 4.65% and lagging the S&P 500's gain of 1.5% in that time.Analysts and investors al ...

ST. PAUL, Minn., April 3, 2024 /PRNewswire/ -- When it comes to personal protective equipment, or PPE, there's no place for fraud or counterfeit. 3M has established the new 3M™ Verify app to help companies ensure their PPE is authentic. The app helps validate a disposable respirator carton in real time by using advanced technology to identify a bar code and determine if a product package is genuine. Protecting the health and safety of workers across industries and work environments is one of 3M's passio ...

There is a split among analysts regarding the outlook for investing in the industrial giant.Barclays has been inconsistent in its 3M (MMM 0.93%) stock rating. A few weeks after raising the price target to $126 from $111, a Barclays analyst lowered the firm's price target to $107 but maintained an overweight rating on the stock. The new target implies a nearly 15% upside over the next 12 months from its current price.This price target is similar to the upgraded target given by a Bank of America analyst, whos ...

The industrial giant's prospects are improving, but questions around its dividend and strategic direction remain.Shares in 3M (MMM -1.25%) rose by a market-busting 15.1% in March, according to data provided by S&P Global Market Intelligence. The move came in a period of relatively positive news flow for the company.3M's good news month3M investors have grown accustomed to receiving disappointing news from the company, whether it's ongoing legal issues, disappointing sales growth, or declining margin perform ...

3M Company (MMM) recently completed the previously announced spin-off of its healthcare business into a separate public company. The spun-off entity, which is renamed Solventum Corporation, is listed on the NYSE under the ticker SOLV.MMM’s shares increased 6% yesterday to eventually close the trading session at $94.02.Inside the HeadlinesMMM shareholders received one share of Solventum stock for every four shares of 3M stock held on the record date for the distribution, Mar 18, 2024. The distribution is pro ...

Shares of 3M (MMM -11.36%) finished the day higher after the industrial conglomerate completed the spin-off of its healthcare business, which is now known as Solventum (NYSE: SOVL).Investors cheered the spin-off for a number of reasons, and 3M closed Monday's session up 6.1%. Solventum, however, finished the day down 0.7%. 3M completes the spin-offInvestors had been waiting over a year for the spin-off to go through. The creation of Solventum represents the culmination of several months of work behind the s ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...