Investors who prize 3M's (NYSE:MMM) ability to muddle through the tough times a little better than most had to be a little disappointed with the company's first quarter results. Not only did the company miss on the top line, but the company's reported and incremental margins were soft. Although 3M continues to look like a solid long-term core industrial holding, the company is going to need to deliver better results if there's an argument to be made for paying a premium for the shares.
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Investopedia: 3M Ends Up In The Same Industrial Tar Pit As Everybody Else
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