UBS Maintains a 'Buy' on 3M (MMM); Q1 Tops Estimates, Momentum To Continue Through FY12
Tweet
Share
E-mailGet Alerts MMM Hot Sheet
Price: $91.48 +0.57%
Rating Summary:
5 Buy, 19 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
Rating Summary:
5 Buy, 19 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
Join SI Premium – FREE
UBS maintains a 'Buy' on 3M (NYSE: MMM) price target raised from $95 to $100.
Analyst, Jason Feldman, said, "1Q EPS of $1.59 vs. cons. $1.49; organic growth expected to accelerate...Regional and end market outlook consistent with guidance from December...FY12 EPS guidance narrowed to $6.35-$6.50 vs. consensus $6.32."
UBS raises FY12/13 by $0.10 each to $6.40/$7.10, respectively.
For an analyst ratings summary and ratings history on 3M click here. For more ratings news on 3M click here.
Shares of 3M closed at $88.49 yesterday.
Analyst, Jason Feldman, said, "1Q EPS of $1.59 vs. cons. $1.49; organic growth expected to accelerate...Regional and end market outlook consistent with guidance from December...FY12 EPS guidance narrowed to $6.35-$6.50 vs. consensus $6.32."
UBS raises FY12/13 by $0.10 each to $6.40/$7.10, respectively.
For an analyst ratings summary and ratings history on 3M click here. For more ratings news on 3M click here.
Shares of 3M closed at $88.49 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Cleveland Research Upgrades Dynatrace Inc. (DT) to Buy, 'optimism underlying fundamentals are likely to support upside'
- Badger Meter (BMI) PT Raised to $175 at Stifel
- Hertz Global (HTZ) PT Lowered to $6 at Deutsche Bank
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
UBSSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
