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TheStreet Maintains “Buy” Rating on 3M (MMM)

By
March 5th, 2013

TheStreet Maintains "Buy" Rating on 3M (MMM)

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TheStreet reported on Tuesday that it has maintained its current “Buy” rating on technology company, 3M Co(MMM).

TheStreet has reiterated a “Buy” rating on MMM with a ratings score of A. They view the company has having a few weaknesses which are likely to be offset by strong revenue growth as well as a solid financial position with reasonable debt levels. The company has also had a solid stock price with increases in net income and EPS.

The stock was able to exceed the S&P with earnings growth as well as the rate of the stock price increase.

3M shares were up $1.25, or 1.21% during Tuesday morning trading. The stock has increased 20% in the past year.

The Bottom Line
Shares of 3M Co(MMM) have a 2.43% yield, based on Tuesday morning’s price of $104.34.

3M Co(MMM) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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Disclaimer: Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. The author is not registered as an investment adviser. The author may or may not hold positions in the securities mentioned in this article or video. The author relies upon the "publisher's exclusion" from the definition of "investment adviser" as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.