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Research Alert: CFRA Reiterates Strong Buy View On Shares Of 3m Company

-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

We keep our 12-month target price at $185 following MMM's Q1 earnings print, valuing shares at 19.4x our 2027 operating EPS outlook of $9.53 (up from $9.26; 2026 EPS view raised to $8.82 from $8.63), near MMM's historical multiple pre-pandemic. Given the company's improving earnings quality and portfolio optimization efforts, we currently see shares as attractively valued. While the macroeconomic environment remains highly dynamic, we do not see this as an exclusive driver of share performance - execution on internal initiatives will be a core determinant of the company's results as its transformation matures. Automation presents a meaningful opportunity in driving the next leg of productivity enhancements, which we see as a tailwind for operating margins as investments bear fruit. On the growth front, we are encouraged by MMM's efforts to lean into data center market expansion, with "Expanded Beam Optics" technology showing early traction among hyperscalers. We reiterate our Strong Buy on shares.

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