3M Closes Near 52-wk Low Post Results Misses & Litigation Concerns

By John Heerdink LinkedIn Disclaimer
3M (MMM) is a global science company that seems to never stop inventing. Using 46 technology platforms, their integrated team of scientists and researchers works with customers to create breakthroughs. Their inventions have improved daily life for hundreds of millions of people all over the world. With $30 billion in sales, their 90,000 employees connect with customers all around the world. Scientists, researchers, and marketers work across countries and across subjects to solve challenges big and small. Recently, shares of 3M experienced a new low after the industrial products maker announced its first-quarter earnings in April.  The company’s shares dropped to a 52-wk low of $168.43 and closed at 1.69.09 per share on Friday.  JP Morgan analyst Stephen Tusa warned investors recently about the possibility of the future poor performance of 3M. Tusa expressed 3M’s second-quarter earnings to be “set to be weak” with “no sign of recovery.” 3M’s involvement in various lawsuits and litigation charges ranging from water contamination to defective ear protection is a major concern for its growing list of liabilities affecting its earnings, as per Tusa. There is further speculation that they may need to cut their dividend for the first time in 37 years. To learn more about 3M (MMM) and to track its ongoing progress please visit the  Vista Partners 3M (MMM), Coverage Page.
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. Stay Informed! Stay Competitive! Join us at Vista Partners!      wk7(1)

JP Morgan warns 3M’s troubles will continue, may cut dividend ‘after 37 straight years of increase’

Shares of 3M have been hit hard since the company’s disappointing first-quarter earnings report… www.cnbc.com
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