3M, Wells Fargo

3M Upgraded by Wells Fargo Following Strong Q4 2024 Performance
For the last quarter of 2024, the tape maker reported a 2.2% year-over-year increase of adjusted sales of $5.8 billion with operating margin of 18.1%. The combination of 1.3 billion of free cash flow and a 17% year-over-year increase of GAAP EPS to $1.33 contribute to Wells Fargo's positive outlook on 3M.
3M upgraded at Wells Fargo on improving profit growth, buybacks
M (NYSE:MMM) on Wednesday was upgraded to Overweight from a previous investment rating of Equal Weight by analysts at financial-services firm Wells Fargo. They said the maker of Post-it Notes, Scotch tape and industrial products is poised to boost profit margins and buybacks of shares.
Wells Fargo Upgrades 3M (MMM)
Fintel reports that on January 22, 2025, Wells Fargo upgraded their outlook for 3M (NYSE:MMM) from Equal-Weight to Overweight. Analyst Price Forecast Suggests 2.91% Upside As of December 23, 2024, the average one-year price target for 3M is $151.
3M upgraded to Overweight from Equal Weight at Wells Fargo
Wells Fargo analyst Joseph O’Dea upgraded 3M (MMM) to Overweight from Equal Weight with a price target of $170, up from $140. The company is in
3M (NYSE:MMM) Hits New 1-Year High Following Analyst Upgrade
Shares of 3M (NYSE:MMM – Get Free Report) reached a new 52-week high during trading on Thursday after Wells Fargo & Company upgraded the stock from an equal weight rating to an overweight rating. Wells Fargo & Company now has a $170.
bovnews22h
3M Co (MMM) Stock: Understanding Its Underlying Value
M Co (MMM) stock saw a modest uptick, ending the day at $149.12 which represents a slight increase of $2.23 or 1.52% from the prior close of $146.89. The stock opened at $147.88 and touched a low of ...
3M raised at Wells Fargo as 'margins moving up and cash being spent'
Investing.com -- Wells Fargo raised its rating for 3M to Overweight and raised its price target to $170 from $140 in a note ...
3M Analysts Raise Their Forecasts After Better-Than-Expected Q4 Results
3M Company MMM reported better-than-expected fourth-quarter 2024 results and initiated 2025 guidance on Tuesday.
3M’s Balanced Outlook: Margin Improvements Amidst Persistent Challenges Warrant Hold Rating
Citi analyst Andrew Kaplowitz maintained a Hold rating on 3M (MMM – Research Report) yesterday and set a price target of $152.00.Invest with ...
Stock Traders Buy Large Volume of Call Options on 3M (NYSE:MMM)
M (NYSE:MMM – Get Free Report) was the recipient of some unusual options trading activity on Wednesday. Stock investors acquired 68,674 call options on the company. This is an increase of 345% ...
Wells Fargo raises interest income forecast as strong dealmaking drives profit beat
Wells Fargo's profit beat expectations in the fourth quarter, powered by a rebound in dealmaking activity and forecast it ...
3M Stock Is Rising. Wall Street Expects More Gains.
Wells Fargo analyst Joseph O’Dea upgraded shares of manufacturer 3M to the equivalent of Buy from Hold. His price target went ...
Why 3M Company (MMM) Is Gaining On Earnings Optimism Now
We recently compiled a list of the 5 Stocks Gaining On Earnings Optimism. In this article, we are going to take a look at ...