Wall Street analysts' price targets imply some significant upside for 3M stock. Analysts have been cautious about 3M, giving it a buy rating due to the conglomerate's risk profile.
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3M Co. may be poised to reduce its dividend after a multi-year slide in its stock price, as the company grapples with litigation related to “forever chemicals” and faulty earplugs sold to the U.S. Military, CFRA said.
The markets declined for the second consecutive week, causing a retracement in the Dividend Harvesting Portfolio. Dividend income generated in week 163 was light, but the portfolio's forward projected income increased.
I'm this close to sending out a buy call on a stock that—if I do—I know would light up the phone lines (and customer-service inbox!) at our New York office.
Institutional investors loaded up on shares of 3M Co (NYSE: MMM) and UiPath Inc (NYSE: PATH) in the fourth quarter. Shares of both are still down for the year at writing.
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