"There have been countless efficiency initiatives here, and little to show for it over the years,” JPMorgan analyst Steve Tusa wrote in research note. “This seems like more of the same.”
Finally, an analyst who hasn't been drinking Mike and Monis kool-aid!
Agree. S. Tusa has been on the dot about 3M. Questionable credibility in leadership. They were mostly elevated in 6 months period. What the heck do they know science and innovation. Need to hire Elon Musk for 1 day to get this company straight, esp. in management nepotism. Id--ts managing a great technical brains
Tusa has been down on 3M for years and has hit the nail right on the head.
https://youtu.be/unmEdmjDwQc
All institutional investors share this view