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Stock impact report

3M Company (MMM) Was “Wildly Misjudged,” Says Jim Cramer [Yahoo! Finance]

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: Yahoo! Finance
3M Company (NYSE:MMM) is one of the largest industrial conglomerates in the world. The shares are up by a modest 1.28% over the past year and down by 3.4% year-to-date. Banking giant JPMorgan downgraded the shares to Neutral from Overweight in January and set a $128 share price target in mid-January. The bank outlined that 3M Company (NYSE:MMM)'s shares had performed significantly better than their sector since early 2024. However, it added that the firm has a complicated road ahead when it comes to driving innovation across the business. Unlike JPMorgan, RBC Capital raised the share price target to $136 from $131 but kept an Underperform rating on the shares. It pointed out that the recent selling pressure on 3M Company (NYSE:MMM)'s shares following the firm's earnings was due to weakness in the firm's consumer business. RBC also discussed other potential headwinds, such as PFAS litigation, which covers several litigation categories. Cramer defended 3M Company (NYSE:MMM) after its e Show less Read more
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