The Economy Looks Strong. 3M and 7 Other Manufacturing Stocks …

The U.S. economy is looking strong. So far, manufacturing stocks haven’t reaped much benefit, but that could be about to change. Manufacturing stocks are regarded as cyclicals—turning in …

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What’s Driving The Rebound In 3M Stock? - Forbes

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Sep 10, 2024 · 3M saw its stock trading at around $97 in June 2022 just before the Fed started increasing rates, and has recovered 32% from that level. This compares with 45% gains for …

forbes.com

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3M Stock Is Up 40% This Year. Can The Rally Keep Going?

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Aug 18, 2024 · The results were good enough for management to hike its full-year earnings projection. 3M is now targeting 2024 EPS of $7 to $7.30, up from a prior midpoint estimate of …

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3M's Stock Turns Red As Profit Beat, But Retail Customers Are Still ...

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Oct 22, 2024 · The company is now targeting $7.20 to $7.30 in adjusted earnings per share for the full year. 3M's prior target was for $7.00 to $7.30 in adjusted earnings per share.

morningstar.com

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3M Leads Dow Stocks After Massive Earnings Beat - Kiplinger

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Jul 26, 2024 · In the three months ended June 30, 3M's revenue decreased 0.5% year-over-year to $6.3 billion, including declines in all three of its major business segments. Its earnings per …

kiplinger.com

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3M Shares Soar As Strong Results Highlight Cost Cuts, Growth Push

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Jul 26, 2024 · "This looks like a good start to a new era for 3M," Wolfe Research analyst Nigel Coe said. The company expects full-year adjusted profit to be between $7.00 and $7.30 per …

yahoo.com

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3M Stock Is Still A Buy - The Motley Fool

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Jan 30, 2021 · In the case of 3M (MMM 1.33%), the shares still look like a ... The COVID-19 vaccine should lead to an opening in the economy, which is good news for 3M's industrial …

fool.com

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Why 3M Remains An Industrial-Sector Powerhouse - Nasdaq

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May 6, 2020 · Moreover, sales for 3M’s first quarter of 2020 sales, at $8.08 billion, indicated an increase of 2.7% and beat Wall Street’s forecast of $7.91 billion. Undoubtedly, the N95 sales …

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Here's Why 3M Shares Gained 13.6% In The First Half Of 2021

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Jul 19, 2021 · 3M ended 2020 on a pretty strong note despite the COVID-19 pandemic -- its sales were flat at $32.2 billion, but cost cuts from its restructuring efforts helped the company boost …

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FAQs about The Economy Looks Strong. 3M and 7 Other Manufacturing Stocks … Coupon?

Is 3M company (MMM) a good stock to buy?

3M Company (NYSE:MMM) has had an impressive performance this year, with its stock gaining 49.45% year-to-date. The company recently released its Q2 2024 earnings report, which exceeded expectations and showcased strong operational performance. ...

Is 3m a good stock to buy in 2025?

BofA Securities analyst Andrew Obin raised the price target to $160 from $143 while maintaining a Buy rating. The analyst writes that 3M appears cautious about 2025, which he interprets as a reflection of limited macroeconomic visibility rather than an indication of the effectiveness of its internal growth initiatives. ...

How much is 3M stock worth?

(Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images) 3M stock (NYSE: MMM) currently trades around $128 per share, roughly 15% below its pre-inflation shock highs of $150 seen in June 2021. ...

Why did 3M raise a low end of its full-year profit forecast?

Wall Street was anticipating revenue of $5.9 billion and earnings of $1.68 per share, according to Yahoo Finance. As a result of its stronger-than-expected performance in the first half of the year, 3M raised the low end of its full-year profit forecast. ...

Is 3M stock heading toward its best day ever?

3M stock is headed toward its best day ever after the industrial conglomerate's impressive earnings report. Here's what you need to know. When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. ...

Is 3m a good dividend stock?

3M (MMM 1.94%) was once a dependable dividend stock for conservative investors. The diversified conglomerate sold a broad range of industrial, worker safety, and consumer goods, and it was a Dividend King that consistently raised its dividend annually for more than 50 years. It's also been in the S&P 500 since the index's inception in 1957. ...