In Thursday’s Blitz Daily with Lance Ippolito, we take a look at industrial sector icon 3M after its stock received an analyst downgrade.
If you’re trading these markets, then hats off to you because it’s a hot, ugly mess of red out there...
And 3M Co. was one of those names smacked with the ugly stick on Thursday after its latest stock downgrade from the stuffed suits over at Morgan Stanley.
With headlines of omicron outbreaks fading and sales of masks and other pandemic-related personal protective equipment slowing down, the Wall Street financial gurus lowered their price target to $150 per share. The news helped sink the struggling stock as much as 4.2% from Wednesday’s closing price.
But if you don’t think 3M’s low prices are likely to stick, I have two more hot options plays burning up Thursday’s tape…
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