3M Delivers Second-Quarter Sales of $7.7 Billion and Earnings of $2.08 per Share

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Go back to 3M Delivers Second-Quarter Sales of $7.7 Billion and Earnings of $2.08 per Share

3M (MMM) PT Raised to $186 at Credit Suisse

July 27, 2016 9:00 AM EDT

Credit Suisse analyst J. Mitchell reiterated an Outperform rating and bumped its price target on 3M (NYSE: MMM) to $186.00 (from $178.00) following Q2 results.

Mitchell commented, "Following Q2 earnings, we leave our EPS estimates largely unchanged (slight cut to 2017 on pension costs to $8.97 (from $9.01)), and our TP moves up slightly to $186 (from $178) to reflect the re-rating of key peers. As we flagged in... More

3M Co. (MMM) Tops Q2 EPS by 1c; Tightens FY16 EPS Outlook

July 26, 2016 7:31 AM EDT

3M Co. (NYSE: MMM) reported Q2 EPS of $2.08, $0.01 better than the analyst estimate of $2.07. Revenue for the quarter came in at $7.7 billion versus the consensus estimate of $7.71 billion.

GUIDANCE:

3M Co. sees FY2016 EPS of $8.15-$8.30, versus prior guidance of... More