3M Stock: Buy, Sell or Hold?

The industrial giant 3M (NYSE: MMM) it just underwent a major turnaround, divesting its healthcare businesses and cutting its dividend by 50%. The stock had been largely unloved on Wall Street for years before these events. But the stock jumped 25 percent after second-quarter earnings.

Is 3M stock a buy, sell or hold right now?

Legal and regulatory issues have weighed on 3M’s stock for years. The two most notable headwinds are product liability issues related to 3M’s earplugs sold to the military, and legal and regulatory issues related to chemicals the company has been making forever. Investors’ concern was legitimate; these are billion dollar problems to solve.

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