3M (MMM) PT Raised to $151 at Jefferies

Jefferies analyst Laurence Alexander raised the price target on 3M (NYSE: MMM) to $151.00 (from $146.00) while maintaining a Hold rating.

The analyst comments "Q4 EPS was $0.08 above our estimate and $0.02 above consensus. 2025 EPS is pegged at $7.60-$7.90 (consensus $7.78). The macro demand environment likely remains sluggish until at least 2H25, but new product launches and increased cross-selling likely support 2-3% organic sales growth. Productivity gains, increased cost absorption, and mix improvements will likely bolster margins."

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