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3M estimates raised to Street-high for 2025 at $8.00 at UBS

UBS raised the firm’s Street-high 2025 EPS estimate for 3M (MMM) to $8.00 from $7.93 following the Q1 results, telling investors in a research note that while the company reiterated its $7.60-7.90 guidance range, its disclosures imply even more upside than the firm had previously anticipated. UBS also sees evidence of the company winning back market share, as evidenced by improving on-time and in-full performance, order trends and organic growth outlook. UBS, which has a Buy rating and $184 price target on the shares, reiterates 3M as a Top Pick across its entire coverage universe.

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