3M's (MMM) earnings consensus estimates for 2027 are likely to be revised upwards following the company's analyst meeting and "proactive" growth initiatives, UBS said in a note emailed Thursday.
UBS said it expects consensus estimates to move up about 3% to $9.50 for 2027 earnings per share, with "good potential" for upside beyond that number. The firm estimates 2027 earnings of $9.58 per share.
3M's management team expects revenue growth to accelerate in each of the next three years. Combined with "meaningful" net productivity savings of around $1 billion, UBS said it was "even more convinced in [its] positive thesis on the stock" following the analyst meeting.
UBS maintained its price target of $184 on the stock, with a buy rating.
Price: 150.06, Change: +2.63, Percent Change: +1.78
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。