3M Co

MMM: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$66.00	Jkkvwy	Rdppcrtl

3M Earnings: Cost Efficiencies and Strong Guidance Boost 3M’s Quarter

Jul 26, 2024

Narrow-moat 3M raised the lower end of its full-year adjusted earnings per share expectations, sending shares up over 6% premarket on July 26. However, net sales declined 0.5% year over year, mostly stemming from organic sales declines in the EMEA region led by weakness in 3M’s consumer segment. We maintain our fair value estimate at $89 per share.

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