WRAPUP 2-Amid industrial profits are reasons for caution


* 3M beats, but cuts outlook on M&A headwind * Timken, Kennametal beat and raise forecasts * 3M shares down; Timken and Kennametal gain (Recasts; adds detail on economic outlook survey; updates share movement) By Nick Zieminski and James B. Kelleher NEW YORK/CHICAGO, Oct 28 (Reuters) - U.S. industrial multinationals continued to post mostly higher-than-expected earnings, with many raising their forecasts, but their reports also left plenty of reasons for caution about the pace ...

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