Why did 3M $MMM stock appreciate significantly yesterday?
Unfortunately, there is no progress in the earplug lawsuit. The reason for the rise is that analysts at Bank of America upgraded their rating on the stock from Underperform to Neutral, citing a number of "near-term positives." Let's take a little look at their report.
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Growth is great, but we're still hovering around that $100 zone. One day we're above, one day we're below. We're waiting for something bigger here. But when it comes, the move will be worth it. Inflation won't have that big of an impact on this stock (think today's results), but earnings might.