3M Company: Cautious Sales Environment, Settlements Weigh On Cash Flow (Rating Downgrade)

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  Posted by Two Blokes Apr 18 - Filed in Stock - 7 views
  
  3M is going to report the company's Q1 results. Wall Street still expects subdued revenue growth, whereas 3M's restructuring should benefit profitability. 3M's expensive PFAS and earplug lawsuit settlements weigh significantly on the company's cash flow. As MMM stock has risen, the valuation now stands unattractive. I estimate 28% downside to a fair value of $94.4.