Is 3M Stock Poised for a Sustained Recovery?

The industrial conglomerate 3M is showing signs of a powerful resurgence. A surprisingly robust quarterly earnings report and a wave of upgraded price targets from market researchers have injected fresh momentum into the stock. This raises a critical question for investors: is the current rally built on a foundation of genuine corporate improvement, or is it merely a short-term surge of optimism?

The financial community has responded positively to the latest developments. The prevailing sentiment among analysts has shifted notably, with consensus ratings now predominantly at “Buy” or “Moderate Buy.” Several firms have substantially increased their share price projections. Notably, Wolfe Research recently raised its target to $197, signaling a belief in significant Read more...