3M Spun Off Its Health Division, Is It Still A Buy?
Barclays(BCS) MarketBeat·2024-04-04 19:47
Key Points3M shares dropped by 20% this week following the spinoff of its healthcare division, a new company called Solventum.Keeping its larger businesses in the portfolio, 3M is set to continue riding the new manufacturing breakout in the U.S. and China.Forbes and Barclays think the remaining segments are worth double-digit upside from today's prices, with a 6.5% dividend.5 stocks we like better than BarclaysInvestors woke up this week to find shares of 3M NYSE: MMM trade lower by roughly 20%. What seemed ...