The first-quarter proved to be a good one for the industrial sector, and particularly so for multi-industry companies like 3M Co (NYSE:MMM) and Illinois Tool Works (NYSE:ITW). Both companies reported strong first quarters and raised their full-year revenue and earnings guidance. That said, they both currently trade on valuations that look expensive compared to previous years. . Let's take a look at the investment case for and against buying stock in 3M Co.
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