"Is 3M a Smart Buy Below $110?"

Industrial giant 3M boasts a long history of increasing dividends annually, but despite its historically high dividend yield and recent stock rally, potential investors should be cautious. The company faces legal and regulatory challenges, including costly product liability lawsuits and environmental issues, and is planning to spin off its healthcare division. Questions about its ability to innovate further add to the uncertainty, making 3M a turnaround stock suitable for more aggressive investors, while conservative investors may want to wait for more clarity before considering an investment, regardless of the stock price.