Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for 3M Co (NYSE: MMM) improved recently. MMM’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
On 8/16/24, 3M Co (NYSE: MMM) stock declined slightly by -0.09%, closing at $127.05. Trading volume in this decline was normal. The stock has been strong relative to the market over the last nine months and has risen 1.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, MMM is expected to continue to be a major Value Builder.
3M has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. 3M has a poor Appreciation Score of 28 but a slightly positive Power Rating of 62, triggering the Low Neutral Value Trend Rating.
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