Is 3M Stock Going to $111? 1 Wall Street Analyst Thinks So.

Motley Fool05-04

The dividend cut and legal settlements have made the stock less risky. The stock's valuation makes it look a good buy on s risk/reward basis. Some of its key end markets are bottoming in...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2432618138?lang=en_US&edition=fundamental","thumbnail":"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F775449%2Fbuy-hold-or-sell-a-stock.jpg&op=resize&w=165&h=104","is_english":true,"pubTime":"2024-05-04 01:25","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2432618138","market":"fut","top_or_hot":-1,"title":"Is 3M Stock Going to $111? 1 Wall Street Analyst Thinks So.","media":"Motley Fool","content":"<div>\n<p>The dividend cut and legal settlements have made the stock less risky.\n\n\n\n\n\n\n\nThe stock's valuation makes it look a good buy on s risk/reward basis.\n\n\n\n\n\n\n\nSome of its key end markets are bottoming in...</p>\n\n<a href=\"https://www.fool.com/investing/2024/05/03/is-3m-stock-going-to-111-1-wall-street-analyst-thi/\">Source Link</a>\n\n</div>\n","source":"fool_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is 3M Stock Going to $111? 1 Wall Street Analyst Thinks So.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs 3M Stock Going to $111? 1 Wall Street Analyst Thinks So.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-04 01:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/05/03/is-3m-stock-going-to-111-1-wall-street-analyst-thi/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The dividend cut and legal settlements have made the stock less risky.\n\n\n\n\n\n\n\nThe stock's valuation makes it look a good buy on s risk/reward basis.\n\n\n\n\n\n\n\nSome of its key end markets are bottoming in...</p>\n\n<a href=\"https://www.fool.com/investing/2024/05/03/is-3m-stock-going-to-111-1-wall-street-analyst-thi/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://www.fool.com/investing/2024/05/03/is-3m-stock-going-to-111-1-wall-street-analyst-thi/","article_id":"2432618138","we_media_id":null,"thumbnails":["https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F775449%2Fbuy-hold-or-sell-a-stock.jpg&op=resize&w=165&h=104"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432618138","pubTimestamp":1714757100,"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"The industrial giant is in restructuring mode and looks a good value now there's more clarity around its dividend policy.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","MMM":"3M","BK4534":"瑞士信贷持仓","BK4588":"碎股","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4512":"苹果概念","BK4206":"工业集团企业"},"translate_title":"3M的股票会涨到111美元吗？一位华尔街分析师认为是这样的。","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MMM":1},"content_text":"The dividend cut and legal settlements have made the stock less risky.\n\n\n\n\n\n\n\nThe stock's valuation makes it look a good buy on s risk/reward basis.\n\n\n\n\n\n\n\nSome of its key end markets are bottoming in 2024. \n\nWall Street analysts are updating their ratings and price targets on 3M (MMM 0.63%) in light of the consumer and industrial conglomerate's recent first-quarter earnings report. Here's a rundown.Wall Street speaksRBC Capital maintained an \"underperform\" rating but raised the price target to $87 from $78 amid concern that 3M's implied dividend cut would lead to forced selling when it declared in May. Citi nudged its price target up to $100 while maintaining a \"neutral\" rating, and Barclays hiked its price target by $5 to $112 and maintained an \"overweight\" rating.The most eye-catching update was from J.P.Morgan analyst Steve Tusa, who upgraded to \"overweight\" from \"neutral\" even as he only increased the price target by a dollar to $111. Two positive drivers he cited were the company's valuation (14 times the midpoint of management's earnings guidance) and management's decision to finally bite the bullet and cut its dividend.I agree with this reasoning and the argument that some of its end markets -- notably electronics -- are set to bounce this year.Clarity and a turnaround in place3M's dividend cut makes perfect sense and removes uncertainty around the stock, as do the legal settlements over water contamination and combat arms earplugs. It also allows newly appointed CEO William Brown to engineer a turnaround in the company's fortunes. 3M's revenue growth and margin performance have disappointed in recent years. Still, the restructuring program launched last year appears to be progressing, as management expects significant margin expansion this year. In addition, some of 3M's continue to outperform in key end markets like electronics and automotive original equipment manufacturing (OEM).Image source: Getty Images.A stock to buy?While there's no guarantee that 3M's performance will improve under Brown, the opportunity is there, the valuation is favorable, the dividend cut and legal settlements have taken some risk out of the stock, and 3M has positive momentum in 2024. Finally, the $111 price target is undemanding and realistic for investors.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2432618138"}