3M Co. (MMM) raises full-year EPS guidance, tops earnings and revenue expectations
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3M (MMM) PT Raised to $95 at RBC Capital
July 29, 2024 6:33 AM EDTRBC Capital analyst Deane Dray raised the price target on 3M (NYSE: MMM) to $95.00 (from $93.00) while maintaining a Underperform rating.
The analyst comments "Underperform-rated 3M reported strong 2Q24 revenue/margin upside across the portfolio in CEO Bill Browns debut quarter. Heres what drove the... More
Deutsche Bank Upgrades 3M (MMM) to Buy
July 29, 2024 4:56 AM EDTDeutsche Bank analyst Nicole DeBlase upgraded 3M (NYSE: MMM) from Buy to Buy with a price target of $150.00 (from $110.00).
The analyst comments "Since Bill Brown's appointment to the CEO role in mid-March, we have heard nothing but positive anecdotes from colleagues and investors about his legacy at L3Harris (ticker:... More
3M shares soar as strong results highlight cost cuts, growth push
July 26, 2024 6:38 AM EDTBy Kannaki Deka
(Reuters) -3M's shares soared to a near two-year high on Friday following the industrial conglomerate's quarterly results that underscored its focus on investing in high-growth businesses and reigniting the company's storied history of product innovation.
3M's shares, which rose as much as 20%, were on track for their best day ever after the company also raised its full-year profit forecast, benefiting from a spate of cost cuts.
CEO Bill Brown, who... More
3M Co. (MMM) Tops Q2 EPS by 26c; lowers outlook
July 26, 2024 6:36 AM EDT3M Co. (NYSE: MMM) reported Q2 EPS of $1.93, $0.26 better than the analyst estimate of $1.67. Revenue for the quarter came in at $6.3 billion versus the consensus estimate of $5.87 billion.
GUIDANCE:
3M Co. sees FY2024 EPS of $6.80-$7.30, versus the consensus... More
PCE release, Apple's Chinese sales, European earnings - what's moving markets
July 26, 2024 4:12 AM EDTInvesting.com -- Wall Street looks set to end a difficult week on a bright note, although the release of the Federal Reserve's favorite inflation gauge later in the session could influence sentiment. Apple is losing market share in the important Chinese market, while European corporate earnings continue to flow.Â
1. Key PCE inflation data dueÂ
The spotlight Friday will be on the Federal Reserves preferred gauge of inflation, which could test market expectations that the U.S. central bank is all but certain to cut interest rates in... More
3M Co. (MMM) call put ratio 1.4 calls to 1 put into quarter results
July 25, 2024 10:47 AM EDT3M Co. (NYSE: MMM) July 26 weekly call option implied volatility is at 126, August is at 36; compared to its 52-week range of 19 to 34 the expected release of quarter results before the bell on July 26. Call put ratio 1.4 calls to 1 put.
... More3M Co. (MMM) July 26 weekly 103 straddle priced into quarter results
July 25, 2024 5:08 AM EDT3M Co. (NYSE: MMM) July 26 weekly 103 straddle priced for a move of 5.5% the expected release of quarter results before the bell on July 26.
... More