Mmm stock price – 3m co. stock quote (u.s. nyse) – marketwatch gas to liquid


3M Co.’s stock climbed 0.3% in midday trade Thursday, to erase an earlier loss of as much as 1.1%, after an upgrade by analyst Deane Dray at RBC Capital, who cited attractive valuation after the stock’s "four-month swoon." Dray raised his rating to outperform from sector perform, and his price target to $238 from $227. The stock has tumbled 24.6% since the Jan. 26 record close of $258.63, punctuated by the 9.7% selloff since last Monday, after a disappointing first-quarter earnings report. Dray said the stock’s price-to-earnings ratio has now broached its historical support level of about a five-percentage-point discount to its multi-industry peers, "implying an attractive entry point for one of the sector’s highest quality of earnings names." He said what was disappointing about the latest quarterly results "looks contained to familiar/shorter-duration pressures in auto, dental and consumer electronics." The stock’s price decline from its record close has shaved about 438 points off the Dow Jones Industrial Average’s price, which has lost 2,784 points over the same time.

The Dow Jones Industrial Average marked its longest losing streak in a year, as stocks ended the session sharply lower on Tuesday on the back of higher Treasury yields. The 10-year Treasury yield hit the psychologically important 3% for the first time in more than four years Tuesday, but retreated again toward the end of the session. Higher yields are seen as a headwind for equity investors, as they could mean higher borrowing costs for corporate America going forward. The Dow dropped 1.7%, marking fifth loss in a row and worst one-day drop since April 6. The sell-off was particularly driven by materials and industrials stocks. The S&P 500 closed 1.3% lower, also its worst daily percentage drop in 2.5 weeks. Eight of eleven of the S&P’s sectors ended in the red, with the exception of utilities and telecommunications. The tech-focused Nasdaq Composite Index was down 1.7%, marking its worst daily drop since April 6. In individual stocks, construction equipment maker and Dow component Caterpiller Inc. was in focus as its stock sold off despite better-than-expected earnings. 3M CO. dropped as it guided to lower results.

3M Co. is a technology company, which manufactures industrial, safety and consumer products. The company operates its business through the following segments: Industrial, Safety & Graphics, Health Care, Electronics & Energy, and Consumer. The Industrial segment provides products, including tapes, abrasives, adhesives, ceramics, sealants, closure systems for personal hygiene products, acoustic systems products, specialty materials and filtration systems. The Safety & Graphics segment offers personal protective equipment, traffic safety & security products, commercial graphics systems, commercial cleaning & protection products, floor matting, roofing granules for asphalt shingles, and fall protection products. The Health Care segment supplies medical and surgical equipment, skin health & infection prevention products, drug delivery systems, dental & orthodontic products, health information systems and food safety products. The Electronics & Energy segment involves in the optical films solutions for electronic displays, packaging and interconnection devices; insulating and splicing solutions; touch screens and touch monitors; renewable energy component solutions; and infrastructure protection products. The Consumer segment includes sponges, scouring pads, high-performance cloths, consumer and office tapes, repositionable notes, indexing systems, home improvement products, home care products, protective material products, and consumer & office tapes, as well as adhesives. The company was founded by Henry S. Bryan, Hermon W. Cable, John Dwan, William A. McGonagle and J. Danley Budd in 1902 and is headquartered in St. Paul, MN.