13 stories mentioning MMM
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3M (MMM) has an average rating of overweight and mean price target of $175.38, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
(Updates with Solventum's response to a request for comment.)Solventum (SOLV) is being significantly "under-managed" following its spin-out from 3M (MMM) and must take steps to restore its performance, Trian Fund Management said Thursday in an open letter to Solventum's board.Trian, which owns nearly 5% of Solventum, said the company should right-size overhead costs, simplify its portfolio, and improve capital allocation."The Solventum Board and management team have engaged constructively and continuously with Trian since it became a shareholder and fully share the objective of maximizing shareholder value," a Solventum spokesperson toldvia email.Price: $67.60, Change: $+1.11, Percent Change: +1.67%
Solventum (SOLV) is being significantly "under-managed" following its spin-out from 3M (MMM) and must take steps to restore its performance, Trian Fund Management said Thursday in an open letter to Solventum's board.Trian, which owns nearly 5% of Solventum, said the company should right-size overhead costs, simplify its portfolio, and improve capital allocation.Solventum didn't immediately reply to a request for comment from.Price: $67.36, Change: $+0.87, Percent Change: +1.31%
3M (MMM) reported a modest, low-quality Q1 operating beat, led by foreign exchange tailwinds and higher-than-anticipated corporate income, RBC Capital Markets said in a note emailed Wednesday, adding that operational excellence metrics are improving alongside new product launches.Management reiterated full-year guidance, absorbing the Q1 upside and embedding a hit of $0.05 to $0.15 to EPS due to macro and oil-related pressures in the second half, according to the note.Management guided Q2 organic growth of more than 3% and H2 exit rates of over 3.5%, driven by order conversion, underlying demand from new products, and datacenter/semiconductor strength, the brokerage said.RBC lifted its 2026 EPS estimate by $0.15 to $8.70, while management reiterated full-year 2026 adjusted EPS guidance of $8.50 to $8.70.The company raised its pricing assumptions for 2026 to about 130 basis points due to higher oil costs, layered on top of the 80 basis points previously embedded into guidance, the brokerage noted.RBC maintained an underperform rating on 3M and lowered the price target to $133 from $134.Price: $146.30, Change: $-2.17, Percent Change: -1.46%
3M (MMM) has an average rating of overweight and mean price target of $178.60, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $145.95, Change: $-2.52, Percent Change: -1.70%
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.
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.
3M (MMM) has an average rating of overweight and mean price target of $178.14, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $148.53, Change: $-2.88, Percent Change: -1.90%
3M (MMM) reported first-quarter earnings above market estimates on Tuesday, although sales fell short of expectations, as the industrial conglomerate maintained its full-year outlook.The company posted adjusted earnings of $2.14 per share for the March quarter, up from $1.88 a year ago and ahead of the FactSet-polled consensus of $1.98. Adjusted sales improved 3.9% to $6 billion, just shy of the Street's view for $6.01 billion.3M's shares increased 2.5% in Tuesday trade, reducing its year-to-date loss to 3.1%.The company continues to project adjusted EPS between $8.50 and $8.70 for 2026 on adjusted sales growth of about 4%. The Street is looking for non-GAAP EPS of $8.65 and sales of $25.1 billion."We had a good start to the year, and despite operating in a volatile environment, we remain confident in achieving our 2026 guidance while staying committed to our long-term strategy," Chief Executive William Brown said in a statement.Revenue in the safety and industrial segment rose to $2.93 billion in the first quarter from $2.75 billion in the prior-year period, while transportation and electronics increased to $1.85 billion from $1.82 billion. Consumer sales ticked up to $1.13 billion from $1.12 billion.The company recorded sales growth in China and Europe, the Middle East and Africa, while revenue fell in the Americas.Price: $157.16, Change: $+5.71, Percent Change: +3.77%
US equity futures were higher pre-bell on Tuesday as recent optimism on artificial intelligence and tech buoyed investor sentiment amid the uncertainty of a new round of negotiations between the US and Iran.Dow Jones Industrial Average futures were 0.5% higher, S&P 500 futures were up 0.2%, and Nasdaq futures were 0.3% higher.JPMorgan Chase (JPM) boosted its year-end target for the S&P 500 index to 7,600, pointing to AI and tech-driven earnings, while Amazon (AMZN) said it planned to invest $5 billion in Claude AI chatbot creator Anthropic, with up to another $20 billion potentially available in the future if certain commercial milestones are met.President Donald Trump seems positive on the new round of peace talks happening, while Iran has said it will not negotiate "under the shadow of threat." The ceasefire between the two nations ends tomorrow.Traders took note of the latest round of earnings, with GE Aerospace (GE) and UnitedHealth Group (UNH) reporting higher Q1 adjusted earnings and revenue.Oil prices were slightly lower, with front-month global benchmark North Sea Brent crude down 0.2% at $95.20 per barrel and US West Texas Intermediate crude 0.7% lower at $88.95 per barrel.March retail sales rose 1.7% following an upwardly adjusted 0.7% gain in the prior month, above estimates compiled by Bloomberg of a 1.4% increase.The Senate Banking Committee hearing of Kevin Warsh for the Federal Reserve chair is scheduled at 10 am ET.In other world markets, Japan's Nikkei closed 0.9% higher, Hong Kong's Hang Seng ended 0.5% higher, and China's Shanghai Composite finished 0.1% higher. Meanwhile, the UK's FTSE 100 was down 0.2%, and Germany's DAX index was 0.4% higher in Europe's early afternoon session.In equities, Amazon stock was higher by 2.2% pre-bell. UnitedHealth shares rose 7.4% after the company's Q1 adjusted earnings and revenue surpassed analysts' consensus. Danaher (DHR) stock was up by 0.5% after posting Q1 adjusted earnings that beat analysts' estimates.On the losing side, Apple (AAPL) shares eased slightly by 0.7% after the company said Tim Cook plans to step down as chief executive and become executive chairman, with hardware engineering veteran John Ternus set to succeed him as CEO. 3M (MMM) stock was down by 3.7% despite the company's Q1 adjusted earnings and net sales surpassing analysts' consensus.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:3M reported Q1 operating EPS of $2.14 (up 14% Y/Y), beating consensus by $0.16, with organic sales rising 1.2% and operating margin expanding 30 bps to 23.8%. Performance remained mixed across segments, with Safety & Industrial leading (+100 bps margin expansion to 26.5%) while Consumer continues to underperform. We view 3M's transformation efforts positively, highlighted by Q1 acquisitions and portfolio reshaping around higher-growth verticals, with Consumer remaining a top divestiture candidate. Management reiterated 2026 guidance despite strong double-digit order growth trends that could boost upside. We believe structural operational improvements are becoming embedded, evidenced by margin gains despite $66M in transformation costs and inflationary pressures. The launch of 84 new products (up 35% Y/Y) contributed to robust order momentum. We see a long runway for earnings quality improvement as 3M executes simplification and standardization opportunities across its broad portfolio through 2026.
US equity futures were pointing higher on Tuesday as traders monitor uncertainty over a potential fresh round of talks between the US and Iran and await the latest batch of corporate earnings.The S&P 500 and the Dow Jones Industrial Average rose 0.2% each in premarket activity, while the Nasdaq added 0.3%. The S&P 500 and the Nasdaq finished the previous trading session lower, with the latter snapping a 13-day winning streak, while the Dow was little changed.President Donald Trump said Vice President JD Vance is ready to leave for Pakistan for a second round of peace talks with Iran, according to a Bloomberg report. Iran, however, hasn't publicly confirmed if any representative from its side will participate in the latest proposed negotiations."We do not accept negotiations under the shadow of threats, and in the past two weeks, we have prepared to reveal new cards on the battlefield," Iranian Parliament Speaker Mohammad Bagher Ghalibaf said in a Monday post on X. Iran's President Masoud Pezeshkian said in a social media post that the country still has "deep historical mistrust" towards the US government's conduct.Trump said Monday that the US is not likely to extend its current ceasefire with Iran if a deal isn't agreed, Bloomberg News reported. The ceasefire is set to expire "Wednesday evening Washington time," Trump reportedly said."I'm not going to be rushed into making a bad deal," Trump said in a phone interview, according to Bloomberg. "We've got all the time in the world."The US-Iran ceasefire may be extended by up to two weeks, though it will take much longer to hammer out a complete peace agreement, Macquarie Group said in a note on Monday.West Texas Intermediate crude oil declined 1.2% to $88.55 a barrel before the opening bell, while Brent decreased 0.9% to $86.68."Oil prices are being whipsawed by developments in the Middle East once again, with what appears to be de-escalation quickly turning to re-escalation," ING Bank said in a Monday report.Treasury yields were moving upwards in premarket action, with the two-year rate gaining 2.1 basis points to 3.74% and the 10-year rate edging 0.6 basis points higher to 4.26%.GE Aerospace (GE), UnitedHealth (UNH), Danaher (DHR), Northrop Grumman (NOC), 3M (MMM), D.R. Horton (DHI), Tractor Supply (TSCO) and Genuine Parts (GPC) are scheduled to report their latest financial results before the bell, among others.Shares of Amazon.com (AMZN) inclined 2.7% pre-bell after the e-commerce giant said it will invest $5 billion in artificial intelligence startup Anthropic and up to another $20 billion in the future if certain commercial milestones are met.Apple (AAPL) nudged 0.3% lower after the iPhone maker announced that Tim Cook will step down as chief executive and become executive chairman, with hardware engineering veteran John Ternus set to succeed him as CEO. Alaska Air (ALK) fell 2.9% after reporting its latest quarterly results.Tuesday's economic calendar has the retail sales report for March at 8:30 am ET, followed by the pending home sales index for the same month at 10 am.Federal Reserve Chair nominee Kevin Warsh's hearing before the Senate Banking committee is slated for 10 am. Fed Governor Christopher Waller is expected to speak at 2:30 pm.Gold slipped 0.6% to $4,801 per troy ounce, while bitcoin traded up 0.4% at $76,575.
GE Vernova (GEV), Parker-Hannifin (PH), and Ametek (AME) are among companies expected to benefit from improving short-cycle industrial demand as order trends strengthen and defense-related exposure provides an additional boost, BofA Securities said Monday in a report.BofA expects GE Vernova's orders to rise 44% this year, supported by data-center demand and potential upside from the US-Japan trade deal's Ohio power-generation project. Defense revenue accounts for 11% of Parker-Hannifin's sales and 10% at both Ametek and ITT (ITT), the report said.3M (MMM) and Forgent Power Solutions (FPS) have lagged behind the S&P 500's recent 1% decline, while Vertiv (VRT), GE Vernova, and Fastenal (FAST) have outperformed, the report said.Companies tied more closely to consumer spending may face greater pressure, while industrial component suppliers are likely to see the strongest improvement in revenue growth as orders picked up in Q4, the report said. Supply-chain disruptions tied to the Middle East conflict may affect Q2 shipment timing, BofA said.Price: $990.82, Change: $-0.50, Percent Change: -0.05%