3M CompanyMMM
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3M reported Q2 earnings beat and raised full-year profit forecast, with analyst upgrades and a 6.6% share price rise.
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3M CompanyJim Cramer described 3M Company as “easy money” during a CNBC appearance following its second-quarter earnings release. The industrial conglomerate reported revenue of $6.50 billion and profit-per-share of $2.40, surpassing analyst estimates of $6.41 billion and $2.25, and raised its full-year profit-per-share forecast to a range of $8.80 to $8.95 from the prior $8.50 to $8.70. Cramer praised CEO Bill Brown’s turnaround efforts, noting an inflection point as shares rose 6.6% after the announcement. Analysts at Goldman Sachs and UBS raised their price targets, with Goldman moving to $202 from $190 and UBS to $218 from $190, both maintaining buy ratings, while hedge fund sentiment remained relatively static with 63 out of 1,022 funds holding the stock in the first quarter of 2026.
3M Company3M reported Q2 earnings beat and raised full-year profit forecast, with analyst upgrades and a 6.6% share price rise.