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3M Rises 21.5% in Six Months: Should You Buy the Stock Now or Wait?


Published on 2025-02-10 17:01:34 - MSN
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  • M Company's MMM investors have been witnessing some impressive gains from the stock of late. The conglomerate giant's shares have surged 21.5% in the past six months, outpacing the S&P 500 composite's growth of 13.

The article from MSN Money discusses the recent performance and future prospects of 3M Company's stock. Over the past six months, 3M's stock has risen by 21.5%, driven by several positive developments including a favorable settlement in a lawsuit regarding defective earplugs, which reduced legal overhangs. Additionally, 3M has shown signs of operational improvement with better-than-expected earnings in the first quarter of 2024, despite a year-over-year revenue drop. The company is also undergoing a strategic transformation, focusing on high-growth markets and divesting non-core businesses. However, potential investors are advised to consider waiting due to ongoing challenges like declining sales in key segments, potential further legal issues, and the broader economic environment. The article suggests that while 3M has made significant strides, the stock might still be a hold rather than a buy at this moment, given the uncertainties and the need for sustained recovery in its business operations.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/topstocks/3m-rises-21-5-in-six-months-should-you-buy-the-stock-now-or-wait/ar-AA1yM1SD ]