3M: This Is The Perfect Time To Sell And Take Profits (Rating Downgrade)

jetcityimage The stock price of 3M Co. (NYSE:MMM) skyrocketed 23% on Friday after the industrial conglomerate gave its shareholders fresh hopes of a progressing turnaround. The company saw its biggest price gain since the 1980s amid growing signs of a turnaround, with 3M seeing margin growth. 3M also presented a higher midpoint guidance for 2024 estimated profits. I think that investors have reasons to be hopeful about 3M’s prospects for growth, but taking into account the big price leap on Friday, I th ...