Own 3M Stock? Here's the One Thing Investors Need to Focus On
The industrial conglomerate is under pressure, but it will inevitably attract investor interest due to its 5.6% dividend yield and its stable of well-known and highly regarded brands. So do the positives outweigh the negatives to make 3M (NYSE: MMM) stock a buy? Here's what you need to know.
3M has a history of missing its guidance and generating lackluster revenue growth, and profit margins have gone nowhere over the last decade. As such, investors who like management to meet guidance will walk away from the stock.
That said, investing is more about "what happens next?" rather than "what just happened?" So let's take that approach and focus on what 3M needs to do to meet its guidance for 2023.
Source Fool.com
