3M's Recent Changes: A Potential Shift in Fortunes Ahead

Can 3M Turn Around a Stagnant Stock?

3M's strategic changes and dividend cut may finally give the company flexibility to grow.

Background:

• 3M (NYSE: MMM) was once known as one of the most innovative companies in the world.
• A focus on efficiency has hurt the company's growth.

Travis Hoium explains why some recent changes could turn around the company's fortunes.

*Stock prices used were end-of-day prices of April 30, 2024. The video was published on May 1, 2024.*

Considerations:

• Should you invest $1,000 in 3M right now?
• The Motley Fool Stock Advisor analyst team identified 10 best stocks for investors to buy now.

Before you buy stock in 3M, it's wise to weigh the potential growth opportunities against expert recommendations.

Travis Hoium has no position in any of the stocks mentioned. The Motley Fool recommends 3M. The Motley Fool has a disclosure policy.