3M (MMM) Earnings Preview: Mixed Analyst Sentiment Ahead of Q3 Report
Diversified industrial giant 3M prepares to release third-quarter earnings on October 21, with Wall Street anticipating $2.07 EPS on $6.25 billion revenue. The company boasts an impressive streak of 10 consecutive earnings beats, yet analyst opinions remain divided.
JPMorgan's Stephen Tusa maintains a bullish stance, raising his price target to $178 while acknowledging sector-wide caution. Citi's Andrew Kaplowitz takes a more neutral position, increasing his target to $169 but keeping a Hold rating amid concerns about uneven demand across business segments.