3M (MMM, $169.18) stock gets downgraded by RBC Capital Markets to sector perform from outperform
3M Co. shares got a rating downgrade by RBC Capital Markets.
RBC Capital Markets analyst Deane Dray lowered his rating on 3M to sector perform, from a prior rating of outperform. He also slashed his price target on the stock by 15% to $176 per share.
According to Dray, 3M’s reputation of a "defensive, high-quality industrial" is getting eroded.
3M's first quarter earnings had declined -10.8% year-over-year, and its total revenue had fallen -5%. The company had lowered its full-year earnings outlook to a range of $9.25 to $9.75 per share, down from a prior forecast of $10.45 to $10.90 per share. It had also cut its organic sales growth forecast to a range of -1% to +2% from a previous projection of 1% to 4%.
MMM's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for MMM turned positive on June 24, 2025. Looking at past instances where MMM's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on June 23, 2025. You may want to consider a long position or call options on MMM as a result. In of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MMM advanced for three days, in of 313 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MMM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
MMM broke above its upper Bollinger Band on June 24, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for MMM entered a downward trend on June 26, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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