3M Company Jumps 23% As The Selloff Proves To Be An Overreaction

Summary:

  • MMM experienced a significant 22.99% increase in shares after strong earnings and positive outlook.
  • Despite past challenges, MMM has a strong balance sheet, with ample cash to meet obligations and potential for future growth.
  • MMM is undervalued compared to competitors like Honeywell, offering potential for further value unlocking and growth.
Prague, Czech republic - May 22, 2017: 3M company logo on headquarters building

josefkubes

While there is still some work left to do, today was a win for 3M Company (NYSE:MMM) and its shareholders. MMM experienced a long retracement as shares declined from around $170 in May of 2021 to the low $70s in October of


Analyst’s Disclosure: I/we have a beneficial long position in the shares of MMM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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