3M: Consolidating YTD Gains, Monitoring EPS Growth Into 2025

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3M: Consolidating YTD Gains, Monitoring EPS Growth Into 2025

I reiterate 3M a hold due to its fair valuation near $130 per share and mixed technical indicators.
Despite a strong mid-year rally and solid Q3 earnings, MMM's growth prospects and valuation multiples remain modest.
Key risks include potential margin pressures, supply chain issues, and global GDP growth weakness, which could impact future performance.
The stock is consolidating gains with support at $123-$125 and resistance at $140, suggesting a trading range in the near term.

josefkubes

3M (NYSE:MMM) soared mid-year, posting its best earning-day reaction in the company’s history, but the rally has stalled lately. Still up more than 45% in 2024 (total return), shares of the Minnesota-based Industrials sector stalwart have eased off the

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zerolih
·11-28 07:19
May I know what's your opinion on their recent law suit?
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Still up more than 45% in 2024 (total return), shares of the Minnesota-based Industrials sector stalwart have eased off the </body></html>","htmlText":"<html><head></head><body><ul>\n <li>I reiterate 3M a hold due to its fair valuation near $130 per share and mixed technical indicators.</li>\n <li>Despite a strong mid-year rally and solid Q3 earnings, MMM's growth prospects and valuation multiples remain modest.</li>\n <li>Key risks include potential margin pressures, supply chain issues, and global GDP growth weakness, which could impact future performance.</li>\n <li>The stock is consolidating gains with support at $123-$125 and resistance at $140, suggesting a trading range in the near term.</li>\n</ul>\n<img src=\"https://static.tigerbbs.com/455fcd08d30435b1f7dccc3c37efc548\">\n\njosefkubes\n\n<div class=\"inline_ad_placeholder\"></div>\n3M (NYSE:<a href=\"https://seekingalpha.com/symbol/MMM\">MMM</a>) soared mid-year, posting its best earning-day reaction in the company’s history, but the rally has stalled lately. Still up more than 45% in 2024 (total return), shares of the Minnesota-based Industrials sector stalwart have eased off the </body></html>","text":"I reiterate 3M a hold due to its fair valuation near $130 per share and mixed technical indicators. Despite a strong mid-year rally and solid Q3 earnings, MMM's growth prospects and valuation multiples remain modest. Key risks include potential margin pressures, supply chain issues, and global GDP growth weakness, which could impact future performance. The stock is consolidating gains with support at $123-$125 and resistance at $140, suggesting a trading range in the near term. josefkubes 3M (NYSE:MMM) soared mid-year, posting its best earning-day reaction in the company’s history, but the rally has stalled lately. 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