business / news / / Barchart
3M Company (MMM) provides diversified technology services, conducting operations in electronics, telecommunications, industrial, consumer and office, health care, safety, and other markets.
3M launched 84 new products in Q1, a 35% year-over-year increase.
KEY POINTS
- The company cut cost of poor quality by 100 basis points and grew backlogs in key sectors.
- Despite weak organic growth, analysts expect MMM’s EPS to grow 7.9% to $8.70 this year.
- JPMorgan set a price target of $178 for 3M, signaling a 24.6% upside potential.
COMPANIES
Summarized by Newsio from Barchart. How we summarize →