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3M COMPANY

(MMM)
  Report
Delayed Nyse  -  04:03:44 2023-01-27 pm EST
115.25 USD   +1.50%
01/26Mizuho Securities Adjusts 3M Company's Price Target to $120 From $130, Maintains Neutral Rating
MT
01/25Tech firms, Wall Street lead job cuts in corporate America
RE
01/25Deutsche Bank Adjusts 3M Company Price Target to $119 From $120, Maintains Hold Rating
MT
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Trending : 3M to Cut 2,500 Manufacturing Jobs

01/24/2023 | 03:29pm EST

15:12 ET -- 3M Co. is one of the most mentioned companies in the U.S. across all news items in the last 12 hours, according to Factiva data. The company is cutting 2,500 manufacturing jobs globally and said it expects lower sales and profit in 2023 after demand weakened significantly in late 2022. 3M expects sales will be hurt by weak demand for consumer products and electronic items, particularly smartphones, tablets and televisions, for which 3M provides components. "Consumers sharply cut discretionary spending and retailers adjusted their inventory levels," Chief Executive Mike Roman said during a conference call. Dow Jones & Co. owns Factiva. (josh.beckerman@wsj.com)


(END) Dow Jones Newswires

01-24-23 1528ET

All news about 3M COMPANY
01/26Mizuho Securities Adjusts 3M Company's Price Target to $120 From $130, Maintains Neutra..
MT
01/25Tech firms, Wall Street lead job cuts in corporate America
RE
01/25Deutsche Bank Adjusts 3M Company Price Target to $119 From $120, Maintains Hold Rating
MT
01/25Intercontinental Exchange Unit NYSE Reportedly Attributes Trading Glitch to 'Manual Err..
MT
01/25JPMorgan Chase Adjusts Price Target on 3M Company to $105 From $120, Maintains Neutral ..
MT
01/25UBS Adjusts 3M Company Price Target to $115 From $124, Maintains Neutral Rating
MT
01/25Wells Fargo Adjusts Price Target on 3M Company to $115 From $125, Maintains Equalweight..
MT
01/25Goldman Sachs Adjusts Price Target on 3M Company to $118 From $123, Maintains Neutral R..
MT
01/25Barclays Adjusts Price Target on 3M Company to $122 From $130, Maintains Underweight Ra..
MT
01/25RBC Cuts Price Target on 3M to $106 From $113, Citing Q4 Miss, 'Disappointing' 2023 Gui..
MT
More news
Analyst Recommendations on 3M COMPANY
More recommendations
Financials (USD)
Sales 2022 34 190 M - -
Net income 2022 6 254 M - -
Net Debt 2022 11 763 M - -
P/E ratio 2022 10,5x
Yield 2022 5,17%
Capitalization 63 300 M 63 300 M -
EV / Sales 2022 2,20x
EV / Sales 2023 2,36x
Nbr of Employees 95 000
Free-Float 57,8%
Chart 3M COMPANY
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3M Company Technical Analysis Chart | MarketScreener
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Technical analysis trends 3M COMPANY
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 20
Last Close Price 115,25 $
Average target price 125,12 $
Spread / Average Target 8,56%
EPS Revisions
Managers and Directors
Michael F. Roman Chairman & Chief Executive Officer
Monish Patolawala EVP, Chief Financial & Transformation Officer
John Patrick Banovetz Director-Industrial Adhesives & Tapes Division
Mark W. Murphy Executive VP, Chief Information & Digital Officer
Michael A. Duran Senior VP, Chief Ethics & Compliance Officer
Sector and Competitors
1st jan.Capi. (M$)
3M COMPANY-5.31%62 367
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ILLINOIS TOOL WORKS INC.3.67%70 244
HITACHI, LTD.3.41%49 748