MMM Stock Forecast: Surpassed earnings, Spin-offs expected
MMM Stock Forecast: Latest Price
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MMM Stock Forecast: Latest News
- MMM has announced a spin-off of its health business in a tax-free transaction that will be completed by 2023. This business will focus on wound care, oral care, and healthcare technology. In 2021, this same business brought in $8.6 Billion in sales. Moreover, in late 2021, it announced a food safety business spinoff by merging with Neogen – This will be confirmed in 2022.
- To resolve claims, MMM plans to set aside $1 Billion for its earplugs used by military service members.
MMM Stock Forecast: Latest Tweet
MMM Stock Forecast: Today’s Outlook
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MMM Stock Forecast: Last quarter earnings summary
- For the results of the second quarter of 2022, MMM announced per-share earnings of $2.5. Even though this was higher than the Zacks estimates of $2.4, it represented a year-over-year decline.
- 3M’s net sales were $8.7 Billion – higher than the estimate of $8.5 billion! This showed a year-over-year decline of 2.8%.
- Apart from this, two spinoffs were announced: wound care, oral care and healthcare technology which will be completed in 2023 and the food safety business with Neogen which will be finalized in 2022.
MMM Stock Forecast: Latest Video
MMM Stock Forecast: Price Target
MMM Stock Forecast: Google Trends
The search volume for MMM stock is lower compared to yesterday.
MMM Stock Forecast: Technicals
MMM Stock Forecast: Social Media sentiments
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