Updating your Income stocks: 3M Company, T. Rowe Price Group, & Cedar Fair

Article Excerpt

3M COMPANY $97 (www.3m.com) remains a buy for long-term gains. The company makes over 60,000 items, including air purifiers, adhesives, bandages and components for medical devices. 3M still plans to spin off its Health Care division as a separate company in 2023. That business makes products that treat and prevent infections in wounds, dental filling materials, and filtration and purification products. It supplied 25% of 3M’s sales in 2022. The company will continue to own 19.9% of the Health Care business, but expects to sell that stake over time. 3M is a buy. T. ROWE PRICE GROUP INC. $104 (www.troweprice.com) is a buy. The asset manager provides financial advice and products to individuals and institutions worldwide. The company’s fee income varies with the value of the securities it manages. Due to improving stock values, its assets under management rose 6.1%, to $1.35 trillion as of April 30, 2023 from $1.26 trillion at the end of 2022. T. Rowe Price is a buy. CEDAR FAIR L.P. $45 (www.cedarfair.com) remains a hold. The partnership owns…