3M Company (MMM) has launched new respirators designed to deliver value for money.
The v-shaped pleats on the respirators expand to provide a seal and move up and down with the movement of the mouth for easier air intake. The increased surface area along with 3M’s filter medium, results in lower breathing resistance and easy breathing.
The new respirators are suitable for applications with exposures to dust and other airborne particles such as sweeping, grinding and dry chemical handling.
The 3M brand is recognized and trusted around the world. Household names like Nexcare, Post-it, Scotch, Scotch-Brite, and Scotchgard are market leaders. This has led to strong brand recognition across the globe.
We believe new product launches and increased focus on emerging markets like China, India, etc. should bolster its prospects across most end markets.
The danger on the economic front is deceptive due to the falling unemployment rates, which might be because people are losing benefits faster than new entrants joining the unemployment rolls. So, while the company might have traversed the worst of the tempest, it is still sailing in choppy waters.
3M Company, together with its subsidiaries, operates as a diversified technology company with manufacturing operations spread over 60 countries worldwide. It has more than 35 business units organized into six segments: Consumer and Office, Display and Graphics, Electro and Communications, Healthcare, Industrial and Transportation, Safety, Security and Protection Services Business.
We currently have a Neutral recommendation on 3M Company.
3M CO (MMM): Free Stock Analysis Report
Zacks Investment Research