3M (MMM +0.3%) is the latest major company to caution about the economic outlook, as...

|About: 3M Company (MMM)|By:, SA News Editor

3M (MMM +0.3%) is the latest major company to caution about the economic outlook, as CEO Inge Thulin says its initial 7%-8% revenue growth forecast is now a "stretch target... The market has changed since that target was put in place. It was done in a different economic environment." The weak economy is making M&A targets more attractive, Thulin adds. (earlier)