3M Co. (MMM) Tops Q2 EPS by 1c; Tightens FY16 EPS Outlook
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3M (MMM) PT Raised to $186 at Credit Suisse
July 27, 2016 9:00 AM EDTCredit 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
