3M Co
MMM: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$15.00 | Cpmxrgv | Lmsptknx |
3M Earnings: Cost Efficiencies and Strong Guidance Boost 3M’s Quarter
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.