3M shares soar as strong results highlight cost cuts, growth push
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3M (MMM) PT Raised to $95 at RBC Capital
July 29, 2024 6:33 AM EDTRBC Capital analyst Deane Dray raised the price target on 3M (NYSE: MMM) to $95.00 (from $93.00) while maintaining a Underperform rating.
The analyst comments "Underperform-rated 3M reported strong 2Q24 revenue/margin upside across the portfolio in CEO Bill Browns debut quarter. Heres what drove the... More
Deutsche Bank Upgrades 3M (MMM) to Buy
July 29, 2024 4:56 AM EDTDeutsche Bank analyst Nicole DeBlase upgraded 3M (NYSE: MMM) from Buy to Buy with a price target of $150.00 (from $110.00).
The analyst comments "Since Bill Brown's appointment to the CEO role in mid-March, we have heard nothing but positive anecdotes from colleagues and investors about his legacy at L3Harris (ticker:... More
3M Co. (MMM) raises full-year EPS guidance, tops earnings and revenue expectations
July 26, 2024 6:55 AM EDTIndustrial conglomerate 3M Co. (NYSE: MMM) reported a robust second quarter, with earnings and revenue surpassing Wall Street estimates, prompting the company's shares to jump 5.4% in response.
The company's adjusted earnings per share (EPS) from continuing operations climbed 39% to $1.93, exceeding the analyst consensus of $1.67. Revenue held steady at $6.3 billion, topping expectations by $430 million and... More
