Ticker$MMMIndustryIndustrialTypeMultiyear DogRatingNot RatedNotes‣3M cash flow multiple contracting while cash flow per share continues to grow‣Healthcare spin-off (July 2022) — 3M announced plans to spin off health care divisionhttps://investors.3m.com/news/news-details/2022/3M-Announces-Plans-to-Create-Long-Term-Value-Through-Spin-Off-of-Health-Care-Business/default.aspx‣JPM financial summary‣Comparables — 3M trading at steep discount to all peersResources‣JPM notesdocument (59).pdf630.4KB