3M: The Tide Has Turned For A Much-Needed Recovery (Rating Upgrade)


  • 3M Company stock’s underperformance stunned its investors as MMM took out looks last seen in 2012. I was concerned about it being a value trap previously, given its significant underperformance.
  • My current assessment suggests that the worst could be over for 3M as investors anticipate its legal woes may have reached a nadir.
  • The company’s spin-off of its healthcare business and improved earnings guidance suggest a potential business recovery amid material undervaluation.
  • MMM’s price action suggests those who wanted to sell have likely sold. With MMM’s dip-buyers returning in November, I argue why it’s timely for investors to load up.

Investors are trading stocks. In the electronic market through computer.


3M Company (NYSE:MMM) has performed according to my expectations since my previous update (Hold/Market Perform rating) in early October. I updated 3M investors that the MMM is in a long-term downtrend. As a result, it could turn out to be

Analyst’s 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.

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