3M Company (MMM) Was "Wildly Misjudged," Says Jim Cramer

We recently published Jim Cramer Discussed Trump, CEOs & These 10 Stocks.  3M Company (NYSE:MMM)is one of the stocks Jim Cramer discussed.

3M Company (NYSE:MMM) is one of the largest industrial conglomerates in the world. The shares are up by a modest 1.28% over the past year and down by 3.4% year-to-date. Banking giant JPMorgan downgraded the shares to Neutral from Overweight in January and set a $128 share price target in mid-January. The bank outlined that 3M Company (NYSE:MMM)’s shares had performed significantly better than their sector since early 2024. However, it added that the firm has a complicated road ahead when it comes to driving innovation across the business. Unlike JPMorgan, RBC Capital raised the share price target to $136 from $131 but kept an Underperform rating on the shares. It pointed out that the recent selling pressure on 3M Company (NYSE:MMM)’s shares following the firm’s earnings was due to weakness in the firm’s consumer business. RBC also discussed other potential headwinds, such as PFAS litigation, which covers several litigation categories. Cramer defended 3M Company (NYSE:MMM) after its earnings and maintained the tone in this appearance:

“No, I thought Will Brown on 3M was wildly misjudged. December was terrific coming in.”

While we acknowledge the potential of MMM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.