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3M is collaborating with Anta Sports to establish a joint innovation laboratory focused on sustainable materials for outdoor sports, as announced during the 9th China International Import Expo.
Deutsche Bank has updated its price target for 3M Company, raising it to $216 from $197 while maintaining a Hold rating.
Goldman Sachs analyst Joe Ritchie has reaffirmed a Buy rating and a $225 price target for 3M Company.
Bernstein has increased its price target for 3M Company from $171 to $197.
3M Company has agreed to a landmark $7.35 billion settlement to resolve personal injury claims related to PFAS ('forever chemicals') exposure, potentially compensating 115,000 to 120,000 plaintiffs. The settlement addresses approximately 99% of existing PFAS-related personal injury claims, with payments to be made over nine years. The litigation centered on aqueous film-forming foam (AFFF) used at airports and military installations, with plaintiffs alleging exposure caused serious illnesses including kidney and testicular cancers.
3M Company has reached a broad resolution to settle personal injury claims related to PFAS, commonly known as 'forever chemicals,' involving up to 120,000 plaintiffs.