3M (MMM) PT Lowered to $186 at Jefferies
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Rating Summary:
14 Buy, 11 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 17 | New: 13
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Jefferies analyst Laurence Alexander lowered the price target on 3M (NYSE: MMM) to $186.00 (from $187.00) while maintaining a Hold rating.
The analyst comments "Excluding $0.04 in deal amortization, Q3 EPS was $0.09 above our estimate ($0.01 above our top-down LEI model) and $0.07 above consensus. 3M raised 2026 EPS guidance to $9.10-$9.15 (vs $8.95-$9.10), after raising it ~3% last quarter. Demand remains mixed, with sales outpacing end-markets. Productivity and price/mix likely supports ~200bps YoY EBIT margin expansion in 2026, and at least 50bps in 2027."
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