Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, July 8, 2022

Article Excerpt

3M COMPANY, $128.72, New York symbol MMM, remains a buy for long-term gains. The company makes over 60,000 consumer and industrial goods, including air purifiers, adhesives, bandages and components for medical devices. Investors tap its main brands, including Post-it notes, Scotch tape, Scotch-Brite cleaning products, Scotchguard protection and Thinsulate insulation. 3M has agreed to pay 571 million euros (about $582 million U.S.) to clean up the release of polyfluoroalkyl substances (PFAS) from its operations in Belgium. PFAS chemicals resist heat, oil, stains and water and are used in a number of products. To put this charge in context, 3M earned $1.52 billion (before unusual items), or $2.65 a share, in the first quarter of 2022. The settlement helps cut 3M’s risk. It should also let the company re-open its plant in Belgium after local authorities ordered it to partially shut down last year. 3M is a buy. 3M recent coverage: Hotline for June 3, 2022 May 2022 issue FORD MOTOR CO., $11.62, New York symbol F,…

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