Why Is 3M (MMM) Down 1.6% Since Last Earnings Report?

A month has gone by since the last earnings report for 3M (MMM) . Shares have lost about 1.6% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is 3M due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. 3M Q4 Earnings Beat Estimates, Revenues Decline Y/Y3M reported fourth ...