TheStreet Maintains “Buy” Rating on 3M (MMM)
TheStreet reported on Tuesday that it has maintained its current “Buy” rating on technology company, 3M Co(MMM).
TheStreet has reiterated a “Buy” rating on MMM with a ratings score of A. They view the company has having a few weaknesses which are likely to be offset by strong revenue growth as well as a solid financial position with reasonable debt levels. The company has also had a solid stock price with increases in net income and EPS.
The stock was able to exceed the S&P with earnings growth as well as the rate of the stock price increase.
3M shares were up $1.25, or 1.21% during Tuesday morning trading. The stock has increased 20% in the past year.
The Bottom Line
Shares of 3M Co(MMM) have a 2.43% yield, based on Tuesday morning’s price of $104.34.
3M Co(MMM) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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