The Global Demographic Tailwind

[DewDiligence]

MMM was up 4% today, an unusually large move for such
a stable stock. An analyst at Morgan Stanley is bullish (LOL).

http://finance.yahoo.com/news/3M-shares-rise-after-bullish-apf-4264179920.html?x=0&.v=1

›3M Shares Rise After Bullish Analyst Comments

Tuesday March 30, 2010, 3:18 pm EDT

NEW YORK (AP) -- Shares of manufacturing and technology conglomerate 3M Co. rose Tuesday after a Morgan Stanley analyst said he is "almost certain" the stock will rise over the next 30 days.

Shares jumped $3.01, or 3.7 percent, to $84.37 in afternoon trading. The stock has traded between $48.08 and $85.17 in the past 52 weeks.

Analyst Scott R. Davis cited the possibility of stronger-than-expected quarterly results and said shares have been lagging in recent months. He maintained an "Overweight" rating.

Rival Danaher Corp., which sells to many of the industries that 3M serves, on Monday boosted its first-quarter profit outlook. That suggests 3M could report strong results from the same markets, Davis said.

Furthermore, LCD television sales have been strong in the quarter, which should be good for 3M's display and graphics business unit, the analyst said. These two factors could raise 3M's first-quarter earnings above analysts' expectations.

3M is scheduled to report its quarterly results on April 27.‹