3M Company (MMM) Was “Wildly Misjudged,” Says Jim Cramer

3M Company (NYSE:MMM) is 1 of the largest concern conglomerates successful the world. The shares are up by a humble 1.28% implicit the past twelvemonth and down by 3.4% year-to-date. Banking elephantine JPMorgan downgraded the shares to Neutral from Overweight successful January and acceptable a $128 stock terms people successful mid-January. The slope outlined that 3M Company (NYSE:MMM)’s shares had performed importantly amended than their assemblage since aboriginal 2024. However, it added that the steadfast has a analyzable roadworthy up erstwhile it comes to driving innovation crossed the business. Unlike JPMorgan, RBC Capital raised the stock terms people to $136 from $131 but kept an Underperform standing connected the shares. It pointed retired that the caller selling unit connected 3M Company (NYSE:MMM)’s shares pursuing the firm’s net was owed to weakness successful the firm’s user business. RBC besides discussed different imaginable headwinds, specified arsenic PFAS litigation, which covers respective litigation categories. Cramer defended 3M Company (NYSE:MMM) aft its net and maintained the code successful this appearance:

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“No, I thought Will Brown connected 3M was wildly misjudged. December was terrific coming in.”

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.