ST. PAUL, Minn., April 3, 2024 /PRNewswire/ -- When it comes to personal protective equipment, or PPE, there's no place for fraud or counterfeit. 3M has established the new 3M™ Verify app to help companies ensure their PPE is authentic. The app helps validate a disposable respirator carton in real time by using advanced technology to identify a bar code and determine if a product package is genuine. Protecting the health and safety of workers across industries and work environments is one of 3M's passio ...

There is a split among analysts regarding the outlook for investing in the industrial giant.Barclays has been inconsistent in its 3M (MMM 0.93%) stock rating. A few weeks after raising the price target to $126 from $111, a Barclays analyst lowered the firm's price target to $107 but maintained an overweight rating on the stock. The new target implies a nearly 15% upside over the next 12 months from its current price.This price target is similar to the upgraded target given by a Bank of America analyst, whos ...

The industrial giant's prospects are improving, but questions around its dividend and strategic direction remain.Shares in 3M (MMM -1.25%) rose by a market-busting 15.1% in March, according to data provided by S&P Global Market Intelligence. The move came in a period of relatively positive news flow for the company.3M's good news month3M investors have grown accustomed to receiving disappointing news from the company, whether it's ongoing legal issues, disappointing sales growth, or declining margin perform ...

3M Company (MMM) recently completed the previously announced spin-off of its healthcare business into a separate public company. The spun-off entity, which is renamed Solventum Corporation, is listed on the NYSE under the ticker SOLV.MMM’s shares increased 6% yesterday to eventually close the trading session at $94.02.Inside the HeadlinesMMM shareholders received one share of Solventum stock for every four shares of 3M stock held on the record date for the distribution, Mar 18, 2024. The distribution is pro ...

Shares of 3M (MMM -11.36%) finished the day higher after the industrial conglomerate completed the spin-off of its healthcare business, which is now known as Solventum (NYSE: SOVL).Investors cheered the spin-off for a number of reasons, and 3M closed Monday's session up 6.1%. Solventum, however, finished the day down 0.7%. 3M completes the spin-offInvestors had been waiting over a year for the spin-off to go through. The creation of Solventum represents the culmination of several months of work behind the s ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Key Takeaways3M completed the spinoff of its health care unit, called Solventum, which began trading on the New York Stock Exchange and entered the S&P 500 Monday.The conglomerate also announced a federal court has approved its $10.3 billion "forever chemicals" settlement.Shares of 3M rose on the news, while Solventum shares slid. Two big announcements from 3M (MMM) sent shares of the conglomerate higher Monday. The first involved the completion of the spinoff of Solventum, 3M’s health care business, which ...

Agreement includes pre-tax present value commitment of up to $10.3 billion payable over 13 years Supports PFAS remediation for U.S. public water suppliers (PWS) across the country that have detected any form of PFAS at any level or may do so in the future ST. PAUL, Minn., April 1, 2024 /PRNewswire/ -- 3M today announced that on Friday, March 29, the company's previously announced settlement agreement with U.S. public water suppliers (PWS) received final approval from the U.S. District Court in Charleston, ...

Solventum – a healthcare unit that 3M Co (NYSE: MMM) spun off in March will begin trading on the New York Stock Exchange today. Ahead of it, $MMM is down 15% in premarket.What does it mean for 3M shareholders? Copy link to section Those invested in 3M are slated to secure a position in Solventum as well on Monday. For every four shares of $MMM, they’ll get one share of Solventum. But experts seem a bit dovish on the spinoff. Brett Linzey of Mizuho, for example, reiterated his “neutral” rating on 3M stock la ...

ST. PAUL, Minn., April 1, 2024 /PRNewswire/ -- Today, 3M completed the planned spin-off of its health care business, which formally launches Solventum Corporation as an independent company. Solventum is listed on the New York Stock Exchange as SOLV. "This is an important day for 3M and Solventum, and I extend my sincere congratulations to members of both teams who have made this possible," said Mike Roman, 3M chairman and chief executive officer. "Both companies are positioned to pursue their respective gro ...