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3M ( (MMM) ) has shared an announcement.
3M has reached a Judicial Consent Order with the New Jersey Department of Environmental Protection and other plaintiffs regarding PFAS contamination in the state. The agreement resolves multiple litigations and administrative directives aimed at compelling 3M to address the contamination, including investigations, remediation, and financial compensation for damages. The litigation history includes significant court actions, such as the denial of 3M’s motion to dismiss and the consolidation of cases related to PFAS contamination.
The most recent analyst rating on (MMM) stock is a Buy with a $175.00 price target. To see the full list of analyst forecasts on 3M stock, see the MMM Stock Forecast page.
Spark’s Take on MMM Stock
According to Spark, TipRanks’ AI Analyst, MMM is a Neutral.
3M’s overall stock score is 64, reflecting moderate strengths in earnings growth and strategic initiatives. However, financial challenges such as high leverage and cash flow issues, along with potential tariff impacts, temper the positive aspects. Valuation is reasonable, and recent corporate events signal a strategic focus on future growth.
To see Spark’s full report on MMM stock, click here.
More about 3M
3M is a corporation based in St. Paul, Minnesota, primarily involved in the design, manufacture, marketing, and sale of products containing PFAS, which have been linked to environmental contamination.
Average Trading Volume: 4,194,630
Technical Sentiment Signal: Buy
Current Market Cap: $76.74B
Find detailed analytics on MMM stock on TipRanks’ Stock Analysis page.