3M Co. (MMM) Misses Q1 EPS by 26c; Lowers Outlook, Initiates Restructuring

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Go back to 3M Co. (MMM) Misses Q1 EPS by 26c; Lowers Outlook, Initiates Restructuring

3M (MMM) PT Lowered to $208 at Credit Suisse

April 26, 2019 7:23 AM EDT

Credit Suisse analyst John Walsh lowered the price target on 3M (NYSE: MMM) to $208.00 (from $220.00) while maintaining a Outperform rating following the company's 1Q earnings report. 3M reported adjusted EPS of $2.23, below consensus of $2.49. China, Automotive, and Electronics drove a 1.1% decline in organic revenue.... More