I have liked 3M (NYSE: MMM )
for years and am reluctant to sell as management delivers on promises
regarding innovation, mergers and acquisitions, and operating efficiency
improvements. I do have concerns that valuations in the industrial
conglomerate sector have gotten quite steep, though. Yet, 3M continues
to operate well relative to both its internal targets and its peers.
Read more here:
3M Delivers Again, but Mind the Multiple
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