3M Stock Plunges 5.4% Amid PFAS Litigation Woes

On April 4, 2025, 3M's stock experienced a significant drop of 5.4% in pre-market trading, reflecting the ongoing challenges and uncertainties faced by the company.

3M has been embroiled in litigation for years due to its production of PFAS, commonly known as "forever chemicals." These chemicals have been linked to various health and environmental issues, leading to extensive legal battles that have impacted the company's stock performance.

Institutional investors have been closely monitoring 3M's situation, with some adjusting their stakes in the company. JPMorgan Chase & Co. recently increased their price target for 3M from $162.00 to $165.00 and maintained an "overweight" rating, indicating a cautious optimism despite the current challenges.