MMM
3M Company
NYSE
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177.98-0.29 (-0.16%)

After hours: 179.121.14 (0.64%) as of 5:22 PM EDT

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1d
Prev Close178.27
Open177.65
Bid177.53 x 300
Ask178.49 x 300
52wk Range134.00 - 182.27
Day's Range177.03 - 178.37
Volume1,799,475
Avg Vol (3m)1,939,134
As of 4:03 PM EDT. Market closed.
  • Barrons.com9 hours ago

    [$$] 3M Stock Seen Edging Up to $186

    3M (MMM:NYSE) By Credit Suisse ($176.66, July 26, 2016) Following 3M’s second-quarter earnings, we leave our earnings-per-share estimates largely unchanged -- slight cut to 2017 on pension costs -- and our target price moves up slightly to $186 from $178 to reflect the rerating of key peers. As we flagged in our electrical equipment/multi-industry (EE/MI) second-quarter preview, we did not think that 3M (MMM) had an attractive risk/reward profile heading into this earnings release (in common with most of the very large-cap EE/MI stocks), given its valuation, and it did not look easy to hit the midpoint of the former guidance. From a longer-term standpoint, we find it encouraging that the revised guidance midpoint implies 3M is on track to hit the lower end of its medium-term EPS compounded annualized growth rate (CAGR) target of 8%-11% this year, despite an organic-sales-growth rate which is below the bottom-end of its medium-term target of a 2%-5% CAGR, and despite buyback spending, which is coming in at the low end of its $4 billion-$6 billion placeholder for 2016.

  • Market Realist11 hours ago

    Is There Room for 3M’s Margins to Improve Any More?

    3M’s (MMM) operating margins expanded 50 basis points to 24.4% in 2Q16. 3M has benefited from lower year-over-year commodity prices.