Nelson Peltz’s Trian Partners sent a letter to the shareholders of Solventum (SOLV), saying the company trades at a discount to peers and 3M (MMM), Scott Wapner of CNBC reports. Trian believes the stock could be worth up to $140 per share, according to CNBC. Following the on-air report, shares of Solventum are up 1% to $70.18.
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Read More on SOLV:
- Trian sends letter to Solventum holders, says shares undervalued, CNBC says
- Solventum jumps 2% to $70.74 after CNBC report of Trian letter
- GE Vernova initiated, Merck upgraded: Wall Street’s top analyst calls
- Solventum initiated with a Neutral at Mizuho
- Trian exits Disney stake, takes new position in Ferguson
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
