3M Co. (MMM) Misses Q3 EPS by 14c, Revenues Miss; Lowers FY18 EPS Outlook, Cash Flow and Growth Guidance
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Go back to 3M Co. (MMM) Misses Q3 EPS by 14c, Revenues Miss; Lowers FY18 EPS Outlook, Cash Flow and Growth Guidance
October 24, 2018 8:49 AM EDT
Credit Suisse analyst John Walsh lowered the price target on 3M (NYSE: MMM) to $222.00 (from $228.00) while maintaining an Outperform rating.
"While the 38c mid-point reduction to guidance was worse than expected, we think it sets an achievable base for CEO Mike Roman... More
October 24, 2018 6:47 AM EDT
RBC Capital analyst Deane Dray lowered the price target on 3M (NYSE: MMM) to $223.00 (from $234.00) while maintaining an Outperform rating following another guidance cut.
While disappointing, the stock is sitting at a meaningful relative P/E support level, making risk-reward attractive here, Dray said.
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October 22, 2018 4:02 PM EDT
By Noel Randewich
SAN FRANCISCO (Reuters) - (This version of the Oct. 22 story corrects paragraph 7 and 8 to remove reference that Wynn Resorts reports this Wednesday and add that company has not provided a date for its quarterly report. It also corrects the second paragraph to remove reference to Wynn.)
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How large a threat a... More
