The company said it could bring in external investors or undertake a potential capital markets transaction, and plans to deconsolidate the business while maintaining a minority stake.
MMM's Consumer unit faces soft retail demand and muted hardline spending, while Safety and Industrial strength supports growth ahead.
Deere & Co. (DE) was one of the best-performing stocks in the S&P 500 on Thursday, after the agricultural and industrial equipment maker posted better-than-expected quarterly results driven by its construction and forestry business.
Stanley Black's Engineered Fastening growth is gaining traction, backed by strong automotive and industrial demand and $2.1B in cost savings.
Shake Shack is reiterated as a buy, driven by robust, traffic-led same-store sales and accelerating digital growth. The company's digital sales surged 34.3% y/y, now comprising ~41% of Shack sales, with Project Catalyst and menu resets expected to further enhance monetization. Unit growth remains a key driver, with the company on track for 60–65 company-operated and 40–45 licensed openings in FY2026, supporting a long-term expansion runway.
Axon's Software & Services momentum continues as premium software adoption and new users lift revenues, though margins remain under pressure.
NEM faces higher 2026 unit costs as lower production, higher royalties and sustaining capital pressure margins.
GE's defense momentum continues as rising demand, major contracts and a strong project pipeline lift revenues, orders and profit.
Axon's Connected Devices segment is surging as TASER, body cameras and counter-drone equipment drive strong revenue growth.
DIT's fiscal Q3 earnings per share improve year over year as sales climb 12.9%, supported by its wholesale distribution business, while inflationary pressures exert strain on operating costs.
AutoNation beats Q2 earnings estimates as record After-Sales gross profit offsets weaker vehicle volumes.
MMM's Safety and Industrial segment is gaining momentum, with strong organic growth supporting a positive 2026 sales and earnings outlook.