1 Wall Street Analyst Warns That 3M Stock Has 9% Downside Risk

With a forward P/E ratio of less than 10, and a great dividend yield of 6.5%, industrial conglomerate 3M Company (MMM 1.38%) looks for all the world like a high quality large-cap dividend stock trading for a bargain price. But looks can be deceiving.Earlier this month, my fellow Motley Fool contributor Travis Hoium posted a point-by-point explanation for why he is not currently (and may not ever again be) interested in buying 3M stock. Just a few days later, RBC Capital analyst Deane Dray chimed in with a w ...