With the markets rising strongly since April 2020, it's tempting to think that an economic recovery has already been priced into stocks. Following this argument means there's downside risk for stocks given any disappointment on the economy. That may well be the case for much of the market, but not all companies were created equal. In the case of 3M (NYSE: MMM), the shares still look like a good value and there's potential for improvement in sales and earnings in 2021. Here's why.
3M's sales growth is being helped by COVID-19-related demand for respirator masks (safety and industrial segment) and respirators (healthcare segment), but other, more economically aligned businesses in those segments are yet to recover.
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Source Fool.com