Morgan Stanley Upgrades 3M (MMM) to Equalweight

Morgan Stanley upgrades 3M (MMM) as liabilities narrow

Morgan Stanley upgraded 3M Co. (NYSE: MMM) to an Equal-weight rating (From Underweight) and raised their 12-month price target on the stock to $113.00 (From $102.00) as analyst Joshua Pokrzywinski sees the companys liabilities narrowing.

Pokrzywinski wrote in a note, We still believe the ultimate liabilities for PFAS and Combat Arms to be higher than the headline settlement amounts, however, as other avenues of PFAS litigation like wastewater, international water suppliers, and personal injury/property damage still... More

Best Buy, 3M, Oracle and AT&T rise premarket; Salesforce falls

Investing.com -- U.S. futures traded largely unchanged Tuesday, with investors warily awaiting a deluge of economic data this week, culminating with Friday's monthly employment report.

Here are some of the biggest premarket U.S. stock movers today:

Best Buy (NYSE:... More

3M Co. (MMM) confirms Combat Arms Earplug settlement for $6 billion

Today, 3M (NYSE: MMM) announced that it has reached an agreement with the court-appointed negotiating plaintiffs' counsel to resolve the Combat Arms Earplug litigation against Aearo Technologies (Aearo) and 3M. Under the agreement, 3M will contribute a total amount of $6.0 billion between 2023 and 2029, which is structured under the agreement to include $5.0 billion in cash and $1.0 billion in 3M common stock.

This agreement, reached through the mediation process that 3M has previously disclosed, is structured to promote participation by claimants and is intended to resolve... More

3M Co. (MMM) To Pay $6.01B To Settle US Military Service Members' Claims That Its Earplugs Caused Hearing Damage

3M Co. (MMM) To Pay $6.01B To Settle US Military Service Members' Claims That Its Earplugs Caused Hearing Damage

3M Board approves $6 billion settlement; 'As good as could have been expected' says analyst

3M's (NYSE: MMM) board has given the green light to a $6 billion settlement to settle allegations that its earplugs led to hearing loss among veterans, according to the Wall Street Journal.

This settlement marks a significant milestone in resolving a substantial portion of the company's legal... More

Wolfe Research Upgrades 3M (MMM) to Peerperform

Wolfe Research analyst Nigel Coe upgraded 3M (NYSE: MMM) from Underperform to Peerperform.

For an analyst ratings summary and ratings history on 3M click here. For more ratings news on 3M click here.

Shares of 3M closed at $104.12 yesterday.