3M: Still A Buy Despite The Rebound

cagkansayinWe previously covered 3M (NYSE:MMM) in October 2023, discussing the company's normalizing top-line from the hyper-pandemic growth and the uncertainty from the ongoing legal settlements. However, we had also believed that the stock had been oversold then, triggering its attractive investment thesis for opportunistic income oriented investors, since the worst might already be over, further aided by the raised FY2023 guidance. In this article, we shall discuss why the MMM stock valuations may be ...