15.12.2015 - 3M will invest 1.8 billion in research and development
The price of 3M shows a decline after the company said about the reduction of the revenue forecast for 2015. As a result, the projected earnings per share could reach 7.55 dollars against 7.60-7.65 dollars per share previously. It was also announced that in 2016 it is planned to spend US 1.8 billion dollars on research and development, which corresponds to 5.8% of total sales. Despite the deteriorating outlook, we expect the company's shares growth by 15-20% per annum in the medium term, after the current fall.