3M shares are trading higher after Morgan Stanley upgraded the stock from Underweight to Equal-Weight following the company's earplug settlement.
Portfolio Pulse from Bill Haddad
3M's shares are trading higher after Morgan Stanley upgraded the stock from Underweight to Equal-Weight following the company's earplug settlement.
August 31, 2023 | 1:45 pm
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3M's stock was upgraded by Morgan Stanley from Underweight to Equal-Weight, following the company's earplug settlement. This has led to an increase in the company's share prices.
The upgrade of 3M's stock by Morgan Stanley from Underweight to Equal-Weight indicates a more positive outlook on the company's financial health. This, combined with the resolution of the earplug lawsuit, has likely boosted investor confidence, leading to an increase in the company's share prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100