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CEO comments and guidance set the tone

3M (MMM) shares moved after CEO Bill Brown used a recent industry conference to underline progress on the company's plan, emphasizing order momentum, organic revenue growth confidence, and ongoing margin and efficiency efforts.

See our latest analysis for 3M.

Those comments come at a time when 3M's share price has gained 10.26% over the past month and 4.60% over the past quarter. However, the year-to-date share price return is down 2.42%, while longer term total shareholder returns of 11.12% over one year and very large gains over three years point to investors gradually rebuilding confidence despite earlier setbacks.

If you are weighing 3M against other industrial and infrastructure exposed ideas, this could be a good moment to scan opportunities in power and grid equipment through our 34 power grid technology and infrastructure stocks

With 3M trading at $157.91, carrying an intrinsic discount of about 23% and a smaller discount of roughly 8% to the average analyst target, you have to ask: is there genuine value here, or has the market already priced in the next leg of growth?

Most Popular Narrative: 10% Undervalued

With 3M's most followed narrative pointing to a fair value of $175.03 against a last close of $157.91, the gap is attributed to future margins and buybacks actually materializing.

Significant operational efficiency gains, such as improved on-time delivery, increased equipment effectiveness, quality cost reductions, and supply chain/process consolidation, are driving structurally higher operating margins and earnings, with benefits expected to compound as further optimization and automation are rolled out company-wide.

Read the complete narrative.Read the complete narrative.

Want to see what is baked into that fair value gap? The narrative focuses on improving profitability, steady revenue progress, and a richer earnings multiple anchored in those outcomes.

Result: Fair Value of $175.03 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, there are still clear swing factors here, including unresolved PFAS litigation and any stumble in margin delivery, which could quickly challenge this undervaluation story.

Find out about the key risks to this 3M narrative.

Next Steps

Given the mix of concern around risks and optimism about potential rewards, this is a good time to review the underlying data yourself, weigh both sides, and see what stands out in the 2 key rewards and 3 important warning signs

Story Continues

Ready to hunt for your next investment idea?

If you stop at just one stock, you might miss opportunities that better fit your goals, so consider putting a few more ideas on your radar using the screener.

Target resilient balance sheets and dependable fundamentals by scanning the solid balance sheet and fundamentals stocks screener (47 results), which filters for financial strength. Focus on potential value opportunities by checking the 46 high quality undervalued stocks, which combines quality metrics with attractive pricing signals. Identify potential future standouts early by reviewing the screener containing 20 high quality undiscovered gems, which highlights strong businesses still off most investors' radar.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include MMM.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Broadcom Inc (Symbol: AVGO), where a total of 260,678 contracts have traded so far, representing approximately 26.1 million underlying shares. That amounts to about 89% of AVGO's average daily trading volume over the past month of 29.3 million shares. Especially high volume was seen for the $400 strike call option expiring June 10, 2026, with 9,980 contracts trading so far today, representing approximately 998,000 underlying shares of AVGO. Below is a chart showing AVGO's trailing twelve month trading history, with the $400 strike highlighted in orange:

Super Micro Computer Inc (Symbol: SMCI) options are showing a volume of 367,950 contracts thus far today. That number of contracts represents approximately 36.8 million underlying shares, working out to a sizeable 87.3% of SMCI's average daily trading volume over the past month, of 42.1 million shares. Particularly high volume was seen for the $44.50 strike call option expiring June 12, 2026, with 18,516 contracts trading so far today, representing approximately 1.9 million underlying shares of SMCI. Below is a chart showing SMCI's trailing twelve month trading history, with the $44.50 strike highlighted in orange:

And 3M Co (Symbol: MMM) options are showing a volume of 25,449 contracts thus far today. That number of contracts represents approximately 2.5 million underlying shares, working out to a sizeable 66.1% of MMM's average daily trading volume over the past month, of 3.9 million shares. Particularly high volume was seen for the $157.50 strike put option expiring June 12, 2026, with 7,730 contracts trading so far today, representing approximately 773,000 underlying shares of MMM. Below is a chart showing MMM's trailing twelve month trading history, with the $157.50 strike highlighted in orange:

For the various different available expirations for AVGO options, SMCI options, or MMM options, visit StockOptionsChannel.com.

Today's Most Active Call & Put Options of the S&P 500 »

Further AVGO Research:

AVGO market cap historyAVGO YTD ReturnCarl Icahn Stock Picks

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q1. Today, we are looking at general industrial machinery stocks, starting with 3M (NYSE:MMM).

Automation that increases efficiency and connected equipment that collects analyzable data have been trending, creating new demand for general industrial machinery companies. Those who innovate and create digitized solutions can spur sales and speed up replacement cycles, but all general industrial machinery companies are still at the whim of economic cycles. Consumer spending and interest rates, for example, can greatly impact the industrial production that drives demand for these companies’ offerings.

The 14 general industrial machinery stocks we track reported a strong Q1. As a group, revenues beat analysts’ consensus estimates by 3.3% while next quarter’s revenue guidance was 0.6% above.

Thankfully, share prices of the companies have been resilient as they are up 5.3% on average since the latest earnings results.

3M (NYSE:MMM)

Producers of the first asthma inhaler, 3M Company (NYSE:MMM) is a global conglomerate known for products in industries like healthcare, safety, electronics, and consumer goods.

3M reported revenues of $6.00 billion, up 3.9% year on year. This print was in line with analysts’ expectations, but overall, it was a mixed quarter for the company with a beat of analysts’ EPS estimates but a slight miss of analysts’ organic revenue estimates.3M Total Revenue

Interestingly, the stock is up 2.4% since reporting and currently trades at $155.

Read our full report on 3M here, it’s free.

Best Q1: Albany (NYSE:AIN)

Founded in 1895, Albany (NYSE:AIN) is a global textiles and materials processing company, specializing in machine clothing for paper mills and engineered composite structures for aerospace and other industries.

Albany reported revenues of $311.3 million, up 7.8% year on year, outperforming analysts’ expectations by 10.8%. The business had a stunning quarter with an impressive beat of analysts’ EBITDA estimates.Albany Total Revenue

The market seems happy with the results as the stock is up 19.8% since reporting. It currently trades at $69.54.

Is now the time to buy Albany? Access our full analysis of the earnings results here, it’s free.

Weakest Q1: Icahn Enterprises (NASDAQ:IEP)

Founded in 1987, Icahn Enterprises (NASDAQ: IEP) is a diversified holding company primarily engaged in investment and asset management across various sectors.

Icahn Enterprises reported revenues of $2.24 billion, up 19.8% year on year, falling short of analysts’ expectations by 4.1%. It was a disappointing quarter as it posted a significant miss of analysts’ revenue and adjusted operating income estimates.

Story Continues

Icahn Enterprises delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 10.7% since the results and currently trades at $7.44.

Read our full analysis of Icahn Enterprises’s results here.

Columbus McKinnon (NASDAQ:CMCO)

With 19 different brands across the globe, Columbus McKinnon (NASDAQ:CMCO) offers material handling equipment for the construction, manufacturing, and transportation industries.

Columbus McKinnon reported revenues of $437.8 million, up 77.3% year on year. This print beat analysts’ expectations by 4.8%. More broadly, it was a softer quarter as it recorded a significant miss of analysts’ adjusted operating income estimates.

Columbus McKinnon scored the fastest revenue growth among its peers. The stock is down 18.1% since reporting and currently trades at $12.71.

Read our full, actionable report on Columbus McKinnon here, it’s free.

Honeywell (NASDAQ:HON)

Originally founded in 1906 as a thermostat company, Honeywell (NASDAQ:HON) is a multinational conglomerate known for its aerospace systems, building technologies, performance materials, and safety and productivity solutions.

Honeywell reported revenues of $9.14 billion, up 2.4% year on year. This result lagged analysts’ expectations by 1.5%. Overall, it was a slower quarter as it also recorded a miss of analysts’ organic revenue estimates.

The stock is down 1.6% since reporting and currently trades at $216.36.

Read our full, actionable report on Honeywell here, it’s free.

Market Update

Late in 2025 into early 2026, there was hand-wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure?

These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability.

Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Quality Compounder Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

StockStory’s analyst team — all seasoned professional investors — uses quantitative analysis and automation to deliver market-beating insights faster and with higher quality.

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Investing.com -- 3M Company (NYSE:MMM) rose 2.5% Wednesday following comments from Chief Executive Bill Brown at the Wells Fargo Industrials and Materials Conference.

Brown said the company's strategy is gaining traction, with earnings per share up 14% in the first quarter and 30 basis points of margin expansion. The company saw double-digit growth in free cash flow and organic revenue growth of just over 1%, though orders surged double digits in the quarter.

The CEO said 3M will be "solidly above 3%" in organic growth for the second quarter, noting the company is well into the period and seeing orders and backlog convert to revenue. Backlog grew double-digit both year-over-year and sequentially in the first quarter.

Brown attributed the momentum to commercial excellence initiatives and innovation rather than pre-buying ahead of April price increases. He said approximately 60% of the portfolio, including general industrial and safety segments, grew mid-single digits in the first quarter.

The company's data center business showed particular strength, with the inside-data-center segment growing more than 50% each quarter. 3M's optical fiber interconnect technology, called EBO, received validation and an order from a major hyperscaler in the first quarter for delivery in the second half of the year. The addressable market for optical connects inside data centers has expanded from over $1 billion at the end of the first quarter to north of $2 billion currently, Brown said.

The CEO said 3M does not currently see a need to use the $0.05 to $0.15 contingency built into guidance for Middle East-related impacts. The company's business in the Middle East represents less than 2% of revenue.

3M expects to achieve more than $300 million in growth above the macro this year, ahead of its target of $100 million for 2025. The company is on track to deliver at least half of its $1 billion net productivity target by year-end.

The Madison Fire & Rescue joint venture is set to close July 1, creating an approximately $800 million business in which 3M will hold a 51% stake. The transaction will return $700 million in cash to the parent company.

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Wall Street futures edged lower early Wednesday as investors weighed escalating Middle East tensions following U.S. retaliatory strikes on Iran against upcoming tech sector developments.Wall Street futures edged lower early Wednesday as investors weighed escalating Middle East tensions following U.S. retaliatory strikes on Iran against upcoming tech sector developments.[A blue financial chart with arrows pointing up] Olena_T

Wall Street futures edged lower on Wednesday as investors weighed escalating Middle East tensions following U.S. retaliatory strikes on Iran against upcoming tech sector developments.

Here are some of Wednesday's biggest stock movers:

BIGGEST STOCK GAINERS

Cracker Barrel Old Country Store (CBRL [https://seekingalpha.com/symbol/CBRL]) +27.2% - Shares jumped [https://seekingalpha.com/news/4601961-cracker-barrel-soars-after-fq3-results-show-the-turnaround-is-picking-up]after a beat-and-raise quarter that showed the chain is in turnaround mode and was strikingly better on a sequential basis from the prior few quarters. Total revenue fell 2.9% year over year for the quarter that ended on May 1. Comparable store restaurant sales decreased 2.6%, while comparable store retail sales decreased 1.8% to beat the consensus estimate for a decline of 5.4%.

Cellectis (CLLS [https://seekingalpha.com/symbol/CLLS]) +8.9% - Shares rose after the company said [https://seekingalpha.com/pr/20546005-cellectis-receives-fda-rmat-designation-for-lasme-cel-the-first-allogeneic-car-t-therapy-in-a#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews]that its CD22-targeting allogeneic CAR-T therapy, lasme-cel, received FDA Regenerative Medicine Advanced Therapy (RMAT) designation for a severe form of leukemia. The granting of RMAT designation reflects the FDA's recognition of the potential for lasme-cel to address the unmet medical need faced by patients with r/r B-ALL, the company said.

Devon Energy (DVN [https://seekingalpha.com/symbol/DVN]) +4.8% - The oil and gas company provided [https://seekingalpha.com/news/4602007-devon-energy-forecasts-138m-boeday-in-2026-production-following-coterra-takeover]a full-year forecast post-market Tuesday to reflect its takeover of Coterra Energy, saying it expects ‌FY 2026 production to average 1.38M boe/​day, including ​oil volumes of 500K bbl/day. Devon (DVN [https://seekingalpha.com/symbol/DVN]) also guided for FY 2026 capital spending of ~$4.9B, with more than 60% allocated to the Permian Basin, reflecting activity of 31 rigs and 10 completion crews, with 460-480 net wells expected online. Further providing support, oil prices rose amid MidEast tensions.

3M (MMM [https://seekingalpha.com/symbol/MMM]) +3% - Shares rose after CEO Bill Brown reportedly spoke about second-quarter growth at a Wells Fargo conference. Orders and backlog are converting into revenue, with the company on track to exceed 3% organic growth as it previously said, according to Brown.

BIGGEST STOCK LOSERS

Old Dominion Freight Line (ODFL [https://seekingalpha.com/symbol/ODFL]) -9%, FedEx (FDX [https://seekingalpha.com/symbol/FDX]) -1.8%, XPO (XPO [https://seekingalpha.com/symbol/XPO]) -3.5% - Trucking stocks slipped after Amazon (AMZN [https://seekingalpha.com/symbol/AMZN]) announced an expansion of its shipping service that has already shaken the transportation and logistics sector and unsettled investors.

Supermicro (SMCI [https://seekingalpha.com/symbol/SMCI]) 12.6% - Shares fell after [https://seekingalpha.com/news/4601998-supermicro-proposes-7b-equity-plan-to-help-fulfill-ai-server-orders]the company proposed a series of equity and equity-linked financing transactions totaling $7B to help it fund the purchase of components necessary to complete recent orders for its advanced AI servers. The proposal includes $5B in underwritten public offerings consisting of $1.25B in common stock and $3.75B of depository shares. It also includes an up to $2B at-the-market offering program for common stock, which is expected to begin no sooner than the third quarter of 2026.

Summit Therapeutics (SMMT [https://seekingalpha.com/symbol/SMMT]) -3.9% - Shares plunged after announcing on Tuesday that it has commenced an underwritten public offering of $500M of shares of its common stock. All the shares in the proposed offering are being offered by Summit. In addition, Summit intends to grant the underwriters a 30-day option to purchase up to an additional $75M of shares of its common stock at the public offering price, less underwriting discounts and commissions.

Micron Technology (MU [https://seekingalpha.com/symbol/MU]) -1.3%, Qualcomm (QCOM [https://seekingalpha.com/symbol/QCOM]) -3.3% - A wave of technology stocks tumbled, following overnight declines on Wall Street as a temporary chipmaker recovery faded due to ongoing worries about overvalued AI stocks. In South Korea, memory chip major SK Hynix (HXSCL [https://seekingalpha.com/symbol/HXSCL]) dropped 7.5%, while Samsung Electronics (SSNLF [https://seekingalpha.com/symbol/SSNLF]) fell 6.1%. Meanwhile, SpaceX (SPXC [https://seekingalpha.com/symbol/SPXC]) is set to begin trading Friday in what is expected to be the largest IPO ever. Some investors view it as a boost for the AI rally, while others see its $1.75T valuation [https://seekingalpha.com/news/4602037-spacex-ipo-demand-is-approaching-four-times-oversubscribed-reuters] as a sign of potential overheating.

Wolfspeed (WOLF [https://seekingalpha.com/symbol/WOLF]) - 7.1% Shares fell sharply on Wednesday after the semiconductor manufacturer filed a registration statement [https://seekingalpha.com/filing/309697829]with the SEC for the potential resale of more than 24 million shares of common stock by its selling stockholders. Wolfspeed will not receive any proceeds from the sale of shares by the selling stockholders.

MORE ON SUPER MICRO COMPUTER, MICRON TECHNOLOGY, ETC.

* Micron: Dancing Near The Exit (Downgrade) [https://seekingalpha.com/article/4913324-micron-dancing-near-the-exit-downgrade]
* Micron: Buckle Up For What Is About To Happen [https://seekingalpha.com/article/4912947-micron-buckle-up-for-what-is-about-to-happen]
* Micron: Robotics Supercycle Meets Fed Rate Hike Risks [https://seekingalpha.com/article/4912671-micron-robotics-supercycle-meets-fed-rate-hike-risks-rating-downgrade]
* Supermicro proposes $7B equity plan to help fulfill AI server orders [https://seekingalpha.com/news/4601998-supermicro-proposes-7b-equity-plan-to-help-fulfill-ai-server-orders]
* Super Micro Computer files mixed shelf offering [https://seekingalpha.com/news/4601973-super-micro-computer-files-mixed-shelf-offering]

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The most talked about and market moving research calls around Wall Street are now in one place. Here are today's research calls that investors need to know, as compiled by The Fly.

Top 5 Upgrades:

Barclays upgraded Oscar Health(OSCR) to Overweight from Equal Weight with a price target of $35, up from $30. The firm says that with "single-line exposure" to the individual Affordable Care Act market, Oscar offers the "most direct leverage to a potential multi-year multiple re-rating." Evercore ISI upgraded Devon Energy(DVN) to Outperform from In Line with a $54 price target. The better-than-expected mid-month update underscores not just improving capital efficiency, but also a "surprise, explicit comment on the portfolio review, with the key word being 'expeditiously'," the firm tells investors. JPMorgan upgraded Illumina (ILMN) to Overweight from Neutral with a price target of $185, up from $125. JPMorgan cites Illumina's customer "stickiness" and its favorable recent customer survey for the upgrade. UBS upgraded BorgWarner (BWA) to Buy from Neutral with a price target of $95, up from $61. The company is the best positioned auto supplier to benefit from non-auto opportunities, the firm tells investors in a research note. UBS upgraded Cava Group(CAVA) to Buy from Neutral with a price target of $90, up from $85. The company offers an attractive same-store-sales catalyst path with industry-leading unit growth, the firm tells investors in a research note.

Top 5 Downgrades:

RBC Capital downgraded Nike (NKE) to Sector Perform from Outperform with a price target of $50, down from $70. While the company's turnaround under CEO Elliott Hill is making progress, it is "slower and narrower" than expected, the firm tells investors in a research note. Guggenheim downgraded Nuvalent (NUVL) to Neutral from Buy with a price target of $124, down from $151, citing the proposed acquisition by GSK (GSK) for $124 per share in an all-cash transaction. UBS, TD Cowen, Barclays, and Truist also downgraded Nuvalent to Neutral-equivalent ratings. Berenberg downgraded Nutrien (NTR) to Hold from Buy with a price target of $65, up from $61. The company is likely to deliver another year of solid earnings, but the firm is concerned that consensus estimates "will continue to anchor on earnings levels that remain above mid-cycle." Wolfe Research downgraded Taylor Morrison(TMHC) to Peer Perform from Outperform without a price target following the announced acquisition by Berkshire Hathaway (BRK.A) for $72.50 per share. Truist downgraded Bill (BILL) to Hold from Buy with a price target of $35, down from $45. The firm finds it increasingly unlikely that a software-as-a-service company like Bill will be acquired given the uncertainty caused by AI.

Story Continues

Top 5 Initiations:

Bernstein initiated coverage of Honeywell (HON) with a Market Perform rating and $233 price target. While the firm thinks the spinoff of Honeywell Aerospace is "the right strategic move" for the company to re-focus on its automation core, it adds that the remaining business units are distinct types of automation without significant technology and customer overlap. Bernstein also started coverage of Rockwell Automation (ROK) and Carrier Global (CARR) with Market Perform ratings. Bernstein initiated coverage of Vertiv (VRT) with an Outperform rating and $416 price target. The firm says cites the company's "robust earnings power" for the Outperform rating. Bernstein also started coverage of Emerson (EMR), Trane (TT) and Johnson Controls (JCI) with Outperform ratings. Bernstein initiated coverage of 3M (MMM) with an Underperform rating and $131 price target. While the analyst thinks 3M leadership have done "a great job unlocking value with the transformation so far," the firm also worries that re-igniting the innovation engine will be "harder than expected" and adds that PFAS liabilities "refuse to disappear." Piper Sandler initiated coverage of SharkNinja (SN) with an Overweight rating and $150 price target. The company has an "impressive track record" of new innovations through both product launches and category expansions, the firm tells investors in a research note. Morgan Stanley initiated coverage of Blackstone Digital (BXDC) with an Equal Weight rating and $23 price target. The company offers exposure to a "large and growing" data center market, but its return profile is "highly dependent" on capital markets execution and acquisition discipline, the firm tells investors in a research note.

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Investing.com -- Bernstein initiated coverage of the U.S. multi-industrials and electrical equipment sector in a note on Wednesday, flagging Vertiv and nVent as its outperform-rated picks in data center power and cooling, with price targets implying 30% to 40% upside for each.

Analyst Varun Govindaraj said they "have real technical moats" and are well-positioned even as data center growth eventually tapers.

The initiations come as data center buildouts have "reweighed where capital is flowing" across the broader industrials landscape, Bernstein said.

Among HVAC names, Bernstein also initiated coverage of Trane Technologies and Johnson Controls at Outperform.

The firm described Trane as "great operators" well-integrated into the data center cooling landscape, while Johnson Controls was highlighted for a lean transformation "showing strong results" alongside near-term chiller tailwinds.

Carrier was rated Market-Perform, with Bernstein citing "multiple competing forces," including a positive data center outlook offset by a negative U.S. residential backdrop and mixed signals from its Viessmann business.

In automation, Bernstein rates Emerson Outperform, pointing to tailwinds in process automation and a favorable outlook for test and measurement. Rockwell Automation and Honeywell were both rated Market-Perform, with Bernstein saying Rockwell's story appears largely priced in, and calling Honeywell "still a 'show me' story."

Elsewhere, Bernstein rated Parker-Hannifin Outperform, calling it "an outstandingly well-run company," while assigning 3M an Underperform rating, citing concerns that its R&D engine remains impaired and that PFAS liabilities remain an overhang. Otis Worldwide was also initiated at Outperform.

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Quick Read

Tuesday's 'buy the dip' rally failed again, leaving the Nasdaq down 1% and S&P 500 lower, while bond yields pulled back from key resistance levels. Nike (NKE) was cut to Sector Perform at RBC with a $50 target, while STM was upgraded to Buy at Bank of America targeting $100. Oil dropped 3% as Iran peace optimism and increased Strait of Hormuz traffic drove selling, offering pump relief during the summer driving season. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Bill Holdings didn't make the cut. Grab the names FREE today.

Pre-Market Stock Futures:

Futures are trading lower after the stock market tried to take a cue from Monday's action, and things didn't work out quite as well on Tuesday. Once again, the market gapped open higher as the "Buy the dip" legions came in to ride what they thought would be another wave higher, only to once again see the gains reversed. This time, Monday's pattern repeated, but the damage was greater: two of the four major indices closed lower, with the Dow Jones Industrial Average, which was the only index to close lower on Monday, finishing the session higher at 50,871, up 0.17%. The small-cap-heavy Russell 2000 closed the day at 2,864, up 0.32%. The Nasdaq finished the day down 0.97% at 25,678, while the S&P 500 was last seen down 0.26% at 7,386.

Treasury Bonds:

Yields were down across the Treasury curve, as every time the long end gets over the 5% levels, and the 10-year trades above 4.50%, the buyers return. Part of this is a yield play, but another big factor is adding some insurance, and many see an inevitable big decline coming our way. Either way, when the dust settled on Tuesday, the 30-year-long bond closed the day at 5.01%, while the benchmark 10-year note was last seen at 4.53%. Today's report on the Consumer Price Index for May and Thursday's Producer Price Index print could shape how the bond market trades for the rest of the second quarter.

Oil and Gas:

Oil prices were down across the board on Tuesday, as hopes for an end to the war with Iran surged on positive comments from the president, plus reports indicating that traffic in the Strait of Hormuz has increased, all of which added to the selling pressure, which Americans are cheering as the busy summer driving season is underway. Brent Crude closed the day at $91.65, down 2.75%, while West Texas Intermediate was last seen at $88.51, down 3.06%. The final trade for Natural Gas was reported at $3.14, down 3.o2%.

Gold:

The precious metals had a tough day, as trading remained range-bound for both Gold and Silver. This comes as Paul Wong, Sprott's market strategist, reminded investors that rising debt and inflation will remain the wind in the sails of the precious metals complex, which, as we have noted, has traded range-bound since late February. Gold closed Tuesday's session at $4,259, down 1.61%, while the last trade for Silver was reported at $65.21, down a whopping 4.08%.

Story Continues

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Bill Holdings didn't make the cut. Grab the names FREE today.

Crypto:

Cryptocurrency markets declined on Tuesday, with Bitcoin trading near $62,500 after posting a roughly 1% loss over the past 24 hours. The broader digital asset market stayed under selling pressure as investors digested ongoing ETF outflows. Mid-week trading showed disappointing momentum, with crypto largely decoupling from a global rally in risk assets, which has run into a wall over the last two days. Although geopolitical tensions appeared to ease, concerns lingered about the prolonged streak of outflows from U.S. spot Bitcoin ETFs. At 8 AM EDT, Bitcoin traded at $62,030, while Ethereum traded at $1,659.

24/7 Wall St. reviews dozens of analyst research reports daily to identify new investment ideas for both investors and traders. Some of these daily analyst calls cover stocks to buy. Other calls cover stocks to sell or avoid. Remember that no single analyst call should ever be used as a basis to buy or sell a stock.

Here are some of the top Wall Street analyst upgrades, downgrades, and initiations seen on Wednesday, June 10, 2026.

Upgrades:

Cava Group (NYSE: CAVA) was upgraded to Buy from Neutral at UBS, which bumped the target price for the stock to $90 from $85. Entergy(NYSE: ETR) was upgraded to Outperform from In Line at Evercore ISI, which raised the target price for the utility giant to $121 from $115. GlobalFoundries (NASDAQ: GFS) was upgraded to Buy from Neutral at Arete, without a target price. Pfizer (NYSE: PFE) was upgraded to Sector Perform from Underperform at RBC Capital, with a $25 target price. STMicroelectronics (NYSE: STM) was raised to Buy from Neutral at Bank of America, which raised the target price for the shares to $100 from $83.

Downgrades:

BILL Holdings (NYSE: BILL) was cut to Hold from Buy at Truist, which dropped the target price for the stock to $35 from $45 Hess Midstream (NYSE: HESM) was cut to Underweight from Equal Weight at Morgan Stanley, which has a $38 target price. Nike (NYSE: NKE) was downgraded to Sector Perform from Outperform at RBC Capital, which cut the target price for the sports apparel and shoe giant to $50 from $70. Nuvalent (NASDAQ: NUVL) was downgraded to Hold from Buy at TD Cowen, which dropped the target price for the share to $124 from $140. Taylor Morrison(NYSE: TMHC) was downgraded to Peer Perform from Outperform at Wolfe Research, with a $72.50 target price. That is the amount Berkshire Hathaway is paying to acquire the company.

Initiations:

3M Company (NYSE: MMM) was initiated with an Underperform rating at Bernstein, with a $131 target price. HoneywellInternational (NYSE: HON) was started with a Market Perform rating at Berstein, with a $233 target price. Power Integrations (NASDAQ: POWI) was started with a Buy rating at Needham, with a $90 target price objective. SharkNinja (NYSE: SN) was initiated with an Overweight rating at Piper Sandler, with a $150 target price. Vertiv Holdings (NYSE: VRT) was started with an Outperform rating at Bernstein, and has a $416 target price for the stock.

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Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

Over the past six months, 3M’s stock price fell to $155. Shareholders have lost 6.4% of their capital, which is disappointing considering the S&P 500 has climbed by 7.5%. This might have investors contemplating their next move.

Is now the time to buy 3M, or should you be careful about including it in your portfolio? Dive into our full research report to see our analyst team’s opinion, it’s free.

Why Do We Think 3M Will Underperform?

Despite the more favorable entry price, we’re swiping left on 3M for now. Here are three reasons why MMM doesn’t excite us, plus one stock we’d rather own.

1. Slow Organic Growth Suggests Waning Demand In Core Business

Investors interested in General Industrial Machinery companies should track organic revenue in addition to reported revenue. This metric gives visibility into 3M’s core business because it excludes one-time events such as mergers, acquisitions, and divestitures along with foreign currency fluctuations - non-fundamental factors that can manipulate the income statement.

Over the last two years, 3M’s organic revenue averaged 1.4% year-on-year growth. This performance was underwhelming and suggests it may need to improve its products, pricing, or go-to-market strategy, which can add an extra layer of complexity to its operations.3M Organic Revenue Growth

2. Projected Revenue Growth Is Slim

Forecasted revenues by Wall Street analysts signal a company’s potential. Predictions may not always be accurate, but accelerating growth typically boosts valuation multiples and stock prices while slowing growth does the opposite.

Over the next 12 months, sell-side analysts expect 3M’s revenue to rise by 3%, close to its 5.6% annualized declines for the past five years. This projection doesn’t excite us and suggests its newer products and services will not lead to better top-line performance yet.

3. EPS Trending Down

We track the long-term change in earnings per share (EPS) because it highlights whether a company’s growth is profitable.

Sadly for 3M, its EPS and revenue declined by 2.3% and 5.6% annually over the last five years. We tend to steer our readers away from companies with falling revenue and EPS, where diminishing earnings could imply changing secular trends and preferences. If the tide turns unexpectedly, 3M’s low margin of safety could leave its stock price susceptible to large downswings.3M Trailing 12-Month EPS (Non-GAAP)

Final Judgment

We see the value of companies helping their customers, but in the case of 3M, we’re out. After the recent drawdown, the stock trades at 17.6× forward P/E (or $155 per share). While this valuation is reasonable, we don’t see a big opportunity at the moment. There are better stocks to buy right now. We’d recommend looking at the Amazon and PayPal of Latin America.

Story Continues

Stocks We Would Buy Instead of 3M

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Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

Solventum SOLV tritt 2026 mit einer Mischung aus Dynamik und Herausforderungen an. Die ersten Quartalsergebnisse zeigten eine organische Umsatzentwicklung in allen Segmenten sowie angepasste Earnings per Share über Erwartungen. Das Management hält sein volles Jahr-Umsatzwachstumsvorhersage auf der Höhe des Bereichs und sieht die Gewinne weiterhin auf dem oberen Ende trenden.

Der Markt debattiert nun, wie lange das operative Disziplin-Geschäft den Fokus behalten kann, insbesondere wenn Zölle und Portfolio-Simplifizierung kreuzfahrtschaffen.

Die Grundlage für ein 2026-2027-Margin-Geschäft ist eine mehrjährige operative Disziplin-Narrative, die sich bis in das Jahr 2027 erstrecken kann. Solventums Transform for the Future-Initiative und laufende Trennungsexekution sind positioniert, um über die Zeit hinweg Margenerweiterungen zu unterstützen, auch wenn kurzfristige Druckstellen bleiben.

Die Trennungsfortschritte bilden eine wichtige Grundlage. Die Gesellschaft hat gerade einmal mehr als die Hälfte ihrer Übergangsvereinbarungen verlassen und erwartet, bis Ende 2026 über 90 % zu überschreiten. Das Management erwartet auch den letzten großen ERP-Cutover in den USA und Kanada im dritten Quartal 2026, was das Störungsrisiko reduzieren und Ressourcen für Effizienzarbeiten freisetzen kann.

Solventum-KI-Codierung könnte HIS-Wachstum neu definieren. Die Gesundheitsinformationssysteme werden immer mehr mit Kundenanforderungen an Automatisierung verbunden, einschließlich steigender Interessen an KI-gesteuerter autonomer Codierung. Solventum verweist auf seine Reimbursement-Datenbanken, proprietäre Workflows und tiefgreifende Codierkenntnisse als Vorteile bei der Entwicklung von Werkzeugen, die für Anbieter eine Verbesserung von Genauigkeit, Einhaltung und Skalierbarkeit ermöglichen.

Diese Positionierung verbindet sich direkt mit dem ersten Quartal. Die Gesundheitsinformationssysteme haben 4,7 % organische Wachstum aufgewiesen, mit Stärke in der Umsatzzyklus-Managementlösung und Leistungsmessungslösungen. Das Management betonte den Durchbruch bei autonom codierten Angeboten über stationäre und ambulante Einrichtungen hinweg, unterstützt durch Retention, Backlog-Konversion und internationale Expansion.

SOLV's Transform for the Future-Cost-Sparpfad zielt auf etwa 500 Millionen US-Dollar jährliche Kostenersparnis ab, die sich aus operativen Effizienzen, System-Strukturierung und Automatisierung ergeben. Die Zeit ist wichtig: Die meisten Vorteile werden in 2027 und darüber hinaus erwartet, weshalb Investoren das Jahr 2026 als Brückenjahr anstatt des Ziels betrachten.

Auch wenn so, hält das Management seine Zielsetzung von 50 bis 100 Basispunkten operativer Margenerweiterung in 2026 aufrecht. Diese Ziele spiegeln sich in Verkaufszusammenhänge, Programmatische Ersparnis und Portfolio-Aktionen wider, auch wenn höhere Zollkosten berücksichtigt werden.

Die Geschichte setzt fort.