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

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

3M (MMM) PT Raised to $105 at Jefferies

May 1, 2024 6:06 AM EDT

(Updated - May 1, 2024 6:06 AM EDT)

Jefferies analyst Laurence Alexander raised the price target on 3M (NYSE: MMM) to $105.00 (from $100.00) while maintaining a Hold rating.

The analyst commented: "Q1 EPS of $2.39 was $0.29 above consensus and $0.36 above our forecast. 2024 EPS is pegged at... 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

Fed meeting, Amazon results, struggling US consumers - what's moving markets

May 1, 2024 5:02 AM EDT

Investing.com -- The U.S. Federal Reserve concludes its latest policy-setting meeting later Wednesday, while Amazon's first-quarter results largely impressed. Crude prices have been hit by a large build in U.S. inventories, while Wall Street looks set to start the new month on a negative note. 

1. Powell in focus as Fed meeting concludes

The Federal Reserve concludes its latest two-day policy meeting later in the session - the marquee event for markets this week.

The U.S. central bank is... More

3M (MMM) PT Raised to $112 at Barclays

May 1, 2024 3:18 AM EDT

Barclays analyst Julian Mitchell raised the price target on 3M (NYSE: MMM) to $112.00 (from $107.00) while maintaining a Overweight rating.... More

Midday movers: Eli Lilly, 3M, PayPal rise; Coca-Cola, Tesla fall

April 30, 2024 8:08 AM EDT

(Updated - April 30, 2024 11:26 AM EDT)

Investing.com -- Main U.S. indexes slipped lower Tuesday, amid caution ahead of the start of the latest Federal Reserve policy-setting meeting.

Here are some of the biggest U.S. stock movers today:

Coca-Cola (NYSE: KO) stock fell 0.7% despite the beverage giant reporting quarterly earnings and revenue that beat expectations, and raising its full-year outlook for organic revenue. That said, sales in its important North American market were flat for the quarter.

Tesla (NASDAQ:... More

3M (MMM) beats Q1 estimates, forecasts 40% dividend payout ratio; shares rise

April 30, 2024 6:46 AM EDT

(Updated - April 30, 2024 9:41 AM EDT)

3M Co. (NYSE: MMM) shares rose more than 3% in early trading on Tuesday after the company topped analyst expectations for the fiscal Q1 2024 and provided an update for its dividend payout.

The conglomerate posted first-quarter earnings per share (EPS) of $2.39, surpassing analyst expectations of $2.10. Revenue stood at $7.72 billion, also above the... More

3M beats profit estimates on improved electronics demand

April 30, 2024 6:41 AM EDT

By Kannaki Deka

(Reuters) -U.S. industrial giant 3M Co posted a better-than-expected quarterly profit on Tuesday on higher sales in its electronics unit, sending its shares up about 5%.

Improved demand for electronics used in mobile phones and cars helped the company that had been struggling as consumers put off buying big-ticket items amid high inflation.

CEO Mike Roman, who will be succeeded by former L3Harris... More

3M Co. (MMM) Tops Q1 EPS by 29c; offers guidance

April 30, 2024 6:36 AM EDT

3M Co. (NYSE: MMM) reported Q1 EPS of $2.39, $0.29 better than the analyst estimate of $2.10. Revenue for the quarter came in at $7.72 billion versus the consensus estimate of $7.63 billion.

GUIDANCE:

3M Co. sees FY2024 EPS of $6.80-$7.30, versus the consensus... More