(MMM) Teams Up With Microsoft As Its Undervalued Narrative Faces A Valuation Test

(MMM) Teams Up With Microsoft As Its Undervalued Narrative Faces A Valuation Test: 3M drew fresh attention after announcing a partnership with Microsoft linking its Expanded Beam Optical technology to Azure data centers and integrating Microsoft AI tools into 3M’s operations. The article says the deal coincided with a share-price move to $161.77, with a 7-day return of 4.14% and a 90-day return of 4.67%. It also frames the stock as trading below both internal fair-value estimates and analyst targets. Using the narrative-based approach described, the piece estimates a fair value of $170.97, calling the stock modestly undervalued versus the $161.77 level. However, it notes that PFAS litigation exposure and questions about restarting revenue growth remain background risks that could challenge the undervaluation story.