3M Co

MMM: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$22.00	Zgxfgq	Lvnfvbspd

3M: Company Announces CEO Change; It’s About Time

Joshua Aguilar

Mar 12, 2024

Narrow-moat 3M announced it has named a new CEO in Bill Brown. We like the news and view the change as an indictment of the Roman era. That said, we maintain our $127 fair value estimate.

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