Where Will 3M Be in 1 Year?
One thing is sure: 3M (NYSE: MMM) will look much different at the end of 2024 than when this year finishes. Still, the critical question is whether that's likely to be a good or a bad thing for investors. Here's what 3M could look like in a year so you can decide about investing in the stock.
With the spinoff of its healthcare business, Solventum, planned for the first half of 2024, 3M will exit the year without one of its income generators. The healthcare business generated 36% of the segment's operating income in 2022.
That said, while the healthcare business provides relatively stable earnings, I would argue that it's been one of the company's most disappointing in recent years.
Source Fool.com
