3M rises after co lifts annual profit forecast
21/07/2026 11:44
BUZZ-3M rises after co lifts annual profit forecast ** Shares of industrial giant 3M MMM.N rise ~6% to $168 premarket
** The manufacturer raises full-year profit forecast on the back of cost-control measures, price hikes and continuing strength in its safety and industrial business
** Now expects FY adjusted profit per share of $8.80 to $8.95, up from prior forecast of $8.50 to $8.70
** Reports Q2 adjusted EPS of $2.40, compared with $2.16 a year earlier
** Median PT of 19 brokerages covering the stock is $170.5 - data compiled by LSEG
(Reporting by Megavarshini G. Somasundaram in Bengaluru)
((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))