The "MMM stock forecast 2025" is currently being shaped by mixed macroeconomic signals, with analysts projecting a potential recovery to the $110–$125 range, assuming supply chain normalization and improved industrial demand. The better performance was driven by $0.09 of volume leverage, higher productivity, and lower restructuring charges, more than offsetting the unexpected $0.04 headwind from FX due to the significant recent U.S. dollar strength. I will provide a quick overview of our growth performance for each business group on Slide 7. Safety and Industrial organic sales grew for the third consecutive quarter with 2.4% growth in the fourth quarter. From a longer-term perspective, 3M has put up an impressive performance, with shares gaining 18.2% over the past 52 weeks and rising 20.5% year-to-date (YTD). The stock has outpaced the Industrial Select Sector SPDR Fund, which advanced 17.8% over the past year and 15.5% so far in 2025. Wall Street projections for the "MMM stock forecast 2025" suggest a valuation re-rating if gross margins expand back toward the historical 48–50% levels, driven by cost-cutting and innovation pipelines.