MMM Stock Recent News
MMM LATEST HEADLINES
Blue-chip consumer goods conglomerate 3M Co (NYSE:MMM) is 1.4% higher this morning to trade at $98.69, after HSBC upgraded the stock to "buy" and raised its price target to $115.
Zacks.com users have recently been watching 3M (MMM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
The dividend cut and legal settlements have made the stock less risky. The stock's valuation makes it look a good buy on s risk/reward basis.
3M (NYSE: MMM) recently reported its Q1'24 results, with revenues and earnings beating the street estimates. The company reported revenue of $7.72 billion and earnings of $2.39 on a per-share and adjusted basis, compared to the consensus estimates of $7.63 billion and $2.10, respectively.
3M plans to reset its dividend now that it has completed spinning off Solventum. It will pay out 40% of its adjusted free cash flow in the future.
J.P. Morgan analyst Stephen Tusa bumped the company's shares from Hold. His price target went up $1 to $111 a share.
3M Co (NYSE:MMM) shares moved higher as the multinational conglomerate operating across industry, worker safety and consumer goods posted a better-than-expected quarterly profit. The company's adjusted earnings per share (EPS) were $2.39, up 21% year-over-year and ahead of estimates of $2.08.
Shares of 3M (MMM) climbed as the streamlined multinational conglomerate reported better-than-anticipated results, even as the spin-off of its healthcare unit led to the end of its days as a dividend aristocrat.
3M (MMM) reports first-quarter 2024 results, wherein adjusted revenues inch up 0.5% year over year.
3M is snapping its decades-long streak of dividend hikes, yet it's the best Dow Jones stock Tuesday. Here's what you need to know.