Morningstar Analyst Recommends BUYING 3M
Posted on Friday, July 25th, 2008 | In Current Market News, Market Commentary, Stocks to Watch
Contributed by: CEO Blogger (http://ceoblogger.wordpress.com) -
Morningstar analyst Adam Fleck recommended buying 3M. He expects 3M Company stock to return 21% over thenext three years, which is more than the market seems to be expecting.
Over its long history, 3M has invented some of the world’s greatest products. We think that the firm’s innovative culture, defensible patents, and low-cost manufacturing have carved a wide moat around its business that will enable the company to reap outsize rewards for years to come.
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