These Analysts Revise Their Forecasts On 3M After Q3 Results
Portfolio Pulse from Lisa Levin
3M Co (NYSE:MMM) reported better-than-expected Q3 FY23 results and raised its FY23 earnings guidance. Despite this, 3M shares fell 0.9% to trade at $89.32. Post-earnings, Barclays, Citigroup, JP Morgan, and RBC Capital revised their price targets on 3M.
October 25, 2023 | 6:11 pm
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3M Co reported better-than-expected Q3 results and raised its FY23 earnings guidance. However, its shares fell 0.9%. Analysts from Barclays, Citigroup, JP Morgan, and RBC Capital revised their price targets on 3M.
Despite 3M's better-than-expected Q3 results and raised FY23 earnings guidance, its shares fell, indicating a mixed market reaction. The revised price targets by analysts suggest a reassessment of the company's future performance, which could influence the stock's short-term price movement.
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