Barclays raised the firm’s price target on 3M to $112 from $107 and keeps an Overweight rating on the shares post the Q1 report. The quarter marked a major shift at 3M, as the DPR is clarified, cost savings are coming through, and the SOLV de-levering effect is about to become apparent, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MMM:
- MMM Earnings: 3M Gains as Q1 Earnings Top Estimates
- Options Volatility and Implied Earnings Moves Today, April 30, 2024
- 3M First-Quarter Results Driven by Strong Operational Performance; Company Initiates Full-Year 2024 Guidance Reflecting Completion of Solventum Spin
- Notable companies reporting before tomorrow’s open
- Options Volatility and Implied Earnings Moves This Week, April 29 – May 02, 2024
