3M: Not Cheap, Deserving of Premium

Argus Research’s John Eade explains why he upgraded 3M (MMM) to Buy from Hold: ZUMAPRESS.com This leading blue-chip industrial company appears poised to continue to deliver mid-single-digit sales growth, which, along with margin expansion and a share buyback program can result in low double-digit earnings growth. Management is clearly focused on generating shareholder value and [...]