3M: 5.7% Yielding Turnaround Story For Those Willing To Take Risk

josefkubesThe last time I have covered 3M Company (NYSE:MMM) was back in November 2023, recommending investors to initiate long position in this global industrial conglomerate as the company was trading at a very cheap valuation and at the beginning of its long-awaited turnaround. Since that time the stock has delivered a total return on 9% which is pretty attractive in my view. It's no secret that 2023 has been a challenging year for most industrial companies as the PMI has signaled contraction in the  ...