3M Co
MMM: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $416.00 | Mlpkhs | Tsrgyxn |
3M Showing Signs of a Turnaround Following the Spinoff of Solventum
Business Strategy and Outlook
Estimating 3M's legal liabilities is a highly uncertain exercise. While some believe these liabilities total greater than the firm's market capitalization, we think 3M's settlements and the spinoff of Solventum greatly reduce 3M's risks and is the right move for shareholders. While we remain concerned over 3M's incremental PFAS-related liabilities, we think they're manageable.