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.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MMM:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue