What I Am Buying Today.

[fenders53]

(02-17-2022, 10:52 AM)Genester Wrote:

(02-17-2022, 10:02 AM)fenders53 Wrote:

(02-17-2022, 09:51 AM)Genester Wrote: MMM now into 140ies on the Morgan Stanley downgrade. Anyone buying here?

NOPE, I agree with MS reasons.

Just for clarity, MS put the target at $150…

That's their 12 month price target.  Have you done any DD?  Study their litigation risk and you'll understand why the stock is dropping.  I'm not a 3M hater.  I'll be very surprised if it's not in the 130's in March. IMO The 150 price target is quite possible after they bottom and resolve their issues in court. Worst case the dividend is gone for awhile but it shouldn't end that bad.