3M: Consolidating YTD Gains, Monitoring EPS Growth Into 2025
Portfolio Pulse from
3M is currently rated as a hold due to its fair valuation around $130 per share and mixed technical indicators. Despite a strong mid-year rally and solid Q3 earnings, the company's growth prospects and valuation multiples are modest. Key risks include potential margin pressures, supply chain issues, and global GDP growth weakness.
November 25, 2024 | 8:30 pm
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NEUTRAL IMPACT
3M is rated as a hold due to fair valuation and mixed technical indicators. Despite strong Q3 earnings, growth prospects are modest with risks like margin pressures and supply chain issues.
3M's current valuation is considered fair, and while it had a strong mid-year rally and solid Q3 earnings, its growth prospects are not particularly strong. The risks of margin pressures and supply chain issues could impact future performance, making it a hold rather than a buy or sell.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100