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Stock impact report

3M: Growth Has Resumed, But Stock May Only Mirror Earnings Momentum [Seeking Alpha]

3M Company (MMM) 
Last 3m company earnings: 4/28 06:30 am Check Earnings Report
US:NYSE Investor Relations: investors.3m.com/overview/default.aspx
Company Research Source: Seeking Alpha
MMM trades at a forward P/E of 20.71, near industry average, but at a premium on PEG and sales multiples, signaling possible overvaluation and limited upside. Recent quarterly results showed revenue and EPS beats, margin improvement, and strong product launches, but growth remains single-digit and consumer/auto segments lag. I rate MMM a Hold with a $178 price target (8% upside), expecting consolidation as fundamentals catch up to sentiment and market-beating returns remain unlikely. Yevhenii Orlov/iStock via Getty Images 3M Company ( MMM ) is an American conglomerate that specializes in the fields of worker safety, industry, electronics, transportation, and consumer goods. The company sells across both its e-commerce platform and authorized resellers, including major online retailers such as Amazon. This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any su Show less Read more
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