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3M Stock: Should You Buy or Sell?

·4 min read
3M Stock: Should You Buy or Sell?
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Just as a good tv series always leaves you with a cliffhanger, 3M (NYSE: MMM) earnings report left investors wondering just where the company might be heading in 2022. Full-year organic sales growth came in at 8.8% compared to the guidance range of 8% to 9% given in October, and after management told investors in early December that sales growth for the fourth quarter would come in toward the low end of implied guidance. CFO Monish Patolawala said respirator revenue came in $40 million better than expected in the quarter, but the increase is worth less than 0.5% of fourth-quarter 2020 sales.