J.P. Morgan analyst Stephen Tusa has maintained their bullish stance on MMM stock, giving a Buy rating on April 14.
Stephen Tusa has given his Buy rating due to a combination of factors that highlight 3M’s strong operational performance and potential for stabilization. The company reported earnings per share that exceeded both J.P. Morgan’s and the Street’s expectations, driven by better-than-anticipated operating margins and organic growth. Despite some challenges, such as tariff sensitivities and weaker volumes, 3M’s reaffirmed guidance for 2025 suggests confidence in its ability to manage these headwinds effectively.
Moreover, the company’s operational improvements, particularly in segment operating margins, and the positive impact of foreign exchange hedging have contributed to a more optimistic outlook. While there are still uncertainties regarding non-operational factors, the overall performance and guidance indicate potential upside, making the stock an attractive buy. The recent weakness in the stock price also presents an opportunity for stabilization and potential gains relative to the market.
In another report released on April 14, Bank of America Securities also maintained a Buy rating on the stock with a $170.00 price target.