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Benzinga
120 days

3M's Chart Looks Rough, But Wall Street's Still Betting On A Bounce Ahead Of Q1 Earnings

1. MMM set to report Q1 earnings with $1.77 EPS expectation. 2. Stock up 38% over the past year, but down 1.43% YTD. 3. Technical indicators show bearish momentum ahead of earnings. 4. Analysts maintain Buy rating and predict 15% price upside. 5. Sentiment and technicals deteriorating; earnings will be crucial.

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FAQ

Why Bearish?

The stock has shown weakening momentum and is trading below key moving averages.

How important is it?

Upcoming earnings may cause volatility in stock price and investor sentiment.

Why Short Term?

Upcoming Q1 earnings will likely influence sentiment and stock movement in the near term.

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