3M Company Stock Still Overvalued


  • While 3M has lost about 29% of its market value year-to-date, we still believe that the company’s stock is overvalued.
  • The macroeconomic headwinds, the potential costs related to legal claims and the latest news about the firm potentially becoming an activist target may not be fully priced in yet.
  • We reiterate our “sell” rating.
3M tape manufacturing facility. This plant is part of the Industrial, Adhesives and Tape Division IV


The 3M Company (NYSE:MMM) operates as a diversified technology company worldwide. It operates through four segments: Safety and Industrial; Transportation and Electronics; Health Care; and Consumer.

The aim of our writing today is to determine what the fair value of

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. 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.

Additional disclosure: Past performance is not an indicator of future performance. This post is illustrative and educational and is not a specific offer of products or services or financial advice. Information in this article is not an offer to buy or sell, or a solicitation of any offer to buy or sell the securities mentioned herein. Information presented is believed to be factual and up-to-date, but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. Expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. This article has been co-authored by Mark Lakos.

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