Forecast Of The Day: 3M’s Transportation & Electronics Revenues

-1.99%
Downside
152
Market
149
Trefis
MMM: 3M Company logo
MMM
3M Company

What?

3M (NYSE:MMM) Transportation & Electronics Revenues rose from $8.3 billion in 2020 to $9.2 billion in 2021. Trefis expects the metric to grow to about $9.4 billion in 2022 and to $9.6 billion by 2023.

Why?

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We expect growth to be driven by higher sales of display materials, automotive and aerospace-related products, advanced materials, and products related to transportation safety.

So What?

We think 3M stock is slightly undervalued at current levels. We value the stock at about $185 per share, about 10% ahead of the current market price.

See Our Complete Analysis For 3M

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Returns Feb 2022
MTD [1]
2022
YTD [1]
2017-22
Total [2]
 MMM Return 0% -6% -7%
 S&P 500 Return 2% -4% 105%
 Trefis MS Portfolio Return 1% -9% 260%

[1] Month-to-date and year-to-date as of 2/3/2022
[2] Cumulative total returns since the end of 2016

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