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The Key Number to Watch in 3M's Earnings

The Key Number to Watch in 3M's Earnings

Industrial conglomerate 3M (NYSE: MMM) reports earnings on Oct. 27, and it promises to be an eventful affair. Trading at 18.3 times estimated 2020 free cash flow, and with management taking concerted action to restructure the company for growth, 3M is an attractive value stock. A glut of respirators could lead to sales and margin challenges at 3M.