3M Getting ‘Lots of Love,’ Valuation Worrisome

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 [...]