Recent exceptional negative changes in investment behavior have affected 3M Co (NYSE: MMM): the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and its longer term price trend turned down.
Recent marginal negative changes in fundamentals have impacted 3M Co (NYSE: MMM): the consensus estimate for December, 2024 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
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 D (Negative). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. 3M has a slightly negative Appreciation Score of 36 and a slightly negative Power Rating of 33, and the Negative Value Trend Rating results.
Recent Price Action
On 5/29/24, 3M Co (NYSE: MMM) stock declined modestly by -1.1%, closing at $97.56. This decline was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and has declined -7.3% during the last week.
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