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MMM — 3M News Story

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PREVIEW: 3M seen reporting higher rev, EPS in results Tuesday

BUZZ-PREVIEW: 3M seen reporting higher rev, EPS in results Tuesday

** Shares of 3M Co MMM.N are down 1% on Mon, with the co seen reporting higher rev and EPS in qtrly results due before the bell Tues

** The industrial conglomerate is expected to report qtrly rev of $6.61 bln vs $6.32 bln in the yr-ago, and adj EPS of $2.38, vs $2.19 a yr ago, per LSEG

** Co in July raised its full-yr profit forecast, citing price hikes offsetting inflation and strength in safety and industrial segment

** Investors also watching for updates on litigation costs after Australia filed a $1.4 bln lawsuit over 'forever chemicals' contamination

** New York sued 3M, DuPont DD.N and other companies in July for harming the environment and people's health by selling the "forever chemicals"

** Median 12-mo PT on MMM is $187; the stock was last at $163.17

** Analyst ratings on the stock include 10 "strong buy" or "buy" ratings, 10 "hold" ratings and one "sell" rating, based on LSEG data

** Shares of 3M are up about 2% YTD vs a more than 8% gain in the Dow Jones industrial average .DJI in that period


(Reporting by Caroline Valetkevitch )

((caroline.valetkevitch@thomsonreuters.com))

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