Form 8-K 3M CO For: Apr 30

Go back to Form 8-K 3M CO For: Apr 30

3M (MMM) PT Raised to $87 at RBC Capital

May 1, 2024 6:26 AM EDT

RBC Capital analyst Deane Dray raised the price target on 3M (NYSE: MMM) to $87.00 (from $78.00) while maintaining a Underperform rating.

The analyst comments "Underperform-rated 3M reported a sizeable 27c/13% 1Q24 operating beat vs. our estimate. This was the last quarter with Health... More

3M (MMM) PT Raised to $100 at Citi

May 1, 2024 6:21 AM EDT

Citi analyst Andrew Kaplowitz raised the price target on 3M (NYSE: MMM) to $100.00 (from $98.00) while maintaining a Neutral rating.

The analyst comments "We think 1Q results mark a relatively good start to MMM potentially unlocking value post its Solventum spin with a reshaped... More

JPMorgan Upgrades 3M (MMM) to Overweight

May 1, 2024 5:44 AM EDT

JPMorgan analyst Stephen Tusa Jr. upgraded 3M (NYSE: MMM) from Neutral to Overweight with a price target of $111.00 (from $110.00).

The analyst comments "We are upgrading 3M to OW on a combination of an attractive valuation, an increasingly cleaned up balance sheet, with the dividend cut catalyst behind them now, and a turn in earnings momentum on a bottom in electronics, with better visibility on remainco fundamentals, while its still highly non-consensus, with only 1 buy rating. Our PT of $111 ($110 prior) assumes the core trades at a 15%... More