3M's Earnings Impress, Yet Analysts See Long Road Ahead With Cyclical Recovery And PFAS Risks

Analysts boosted the price target for 3M Company MMM following yesterday's strong third-quarter results. The company's adjusted net sales totaled $6.068 billion, marginally above the consensus of $6.057 billion, and adjusted EPS of $1.98 exceeded the consensus of $1.90. 3M revised FY24 adjusted EPS guidance to $7.20 – $7.30 from $7.00 – $7.30 versus the consensus of $7.26. Related: Post-It Maker 3M Q3 Earnings: Sales Growth Slows, Margins Expand, Raises Annual Profit Outlook BofA Securities analyst Andrew O ...