(Repeats from Friday with no changes to text)
** Shares of 3M up 1.2% on Fri amid a broader rally ahead of qtrly report due before market open on Tues; stock market closed Monday in observance of Martin Luther King Day
** Industrial conglomerate is expected to report adj EPS of $1.66, a 31.1% yr/yr decline, on rev of $5.78 bln vs $7.69 bln in year-ago qtr, a 24.9% drop, according to LSEG data
** Co has beaten or met EPS estimates for all but one of eight most recent qtrs - last miss was Q4 2022, per LSEG
** On Oct 22, MMM hiked its full-year profit forecast after solid demand for its roofing material, industrial adhesives and electronics equipment helped the co beat qtrly profit estimates
** Of 19 analysts covering 3M, 11 rate stock "buy" or stronger, 6 recommend "hold," and 2 say "sell"; median PT of $146 versus current price of $140.88 - LSEG
** So far in 2025, MMM has advanced ~9% vs the Dow's ~2.5% gain and S&P 500 Industrials near 5% rise over the same time period
(Reporting by Stephen Culp)
((stephen.culp@thomsonreuters.com; 646-223-6076;))
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