3M Getting ‘Lots of Love,’ Valuation Worrisome
December 17, 2014 at 15:58 PM EST
Yesterday, 3M (MMM) provided earnings guidance and hiked it’s dividend, earning it ‘lots of love,’ says RBC analyst Deane Dray and team. The one problem: 3M’s valuation. They explain: Associated Press The well-attended Outlook meeting was highlighted by a healthy 20% dividend boost and mostly inline EPS guidance. 3M’s high quality earnings story is in [...]