3M Analyst Moves To 'Outperform' On Strong EPS Outlook
3M Analyst Moves To 'Outperform' On Strong EPS Outlook
Wolfe Research's latest analysis of 3M Company (NYSE:MMM) marked a significant upgrade in the company's outlook, shifting the rating from "Peer Perform" to "Outperform" and establishing a robust year-end 2024 price target of $125 per share.
Wolfe Research对3M公司（纽交所：MMM）的最新分析标志着该公司前景的重大升级，将评级从“同行表现”上调至“表现优异”，并设立了强劲的年底2024年每股目标价格为125美元。
What To Know: Key to Wolfe Research analyst Nigel Coe's optimistic outlook is the appointment of Bill Brown as CEO of 3M, renowned for his successful tenure at L3Harris.
了解详情：Wolfe Research分析师Nigel Coe乐观的前景在于任命L3Harris的成功任期之后，Bill Brown担任3M公司的CEO。
Coe believes Brown's operational expertise will drive margin improvements and potentially expand the company's valuation multiple, setting the stage for enhanced profitability in the medium term.
Coe认为，Brown的运营专业知识将推动利润改善，可能扩大公司的估值倍数，为中期的增加盈利能力奠定基础。
Following the spin-off of 3M's Healthcare business (SOLV), the Wolfe Research analyst conducted a detailed reassessment, raising the firm's fiscal year 2024 EPS estimate to the upper end of the range of $6.80 to $7.30. Looking further ahead, Coe sees a path to EPS of $8.73 by 2026, reflecting a high single-digit compound annual growth rate without overly aggressive operational assumptions.
在分拆3M的医疗保健业务（SOLV）后，Wolfe Research分析师进行了详细的重新评估，将公司2024财年的每股收益预估提高到区间6.80美元至7.30美元的上限。CoE远期展望发现，通过高达中高单位数的每年複合增长率，到2026年EPS 8.73美元的路径扩张，反映出不过份进取的运营假设。
Despite acknowledging challenges such as modest growth trends and significant legal liabilities totaling $21 billion, Coe asserted that 3M's current valuation remains attractively discounted.
尽管承认有诸如逊于市场平均水平的增长趋势和高达210亿美元的重要法律责任等挑战，Coe仍坚称3M的当前估值仍有吸引力的折价。
The Wolfe Research analyst's $125 price target is based on a conservative 13.5x multiple of estimated 2025 EBITDA. The upgrade follows the analyst firm's previous upgrade from "Underperform" in August 2023, underscoring newfound confidence in the company's prospects.
Wolfe Research分析师的125美元目标价格基于预计2025年EBITDA的保守13.5倍倍数。此次升级是该分析公司于2023年8月从“表现不佳”上调以来的又一次升级，彰显了对该公司前景的信心。
MMM Price Action: 3M shares closed Thursday up 0.34% at $101.55, according to Benzinga Pro.
依据Benzinga Pro的数据，3M股票周四收盘上涨0.34%，报101.55美元。
Image Via Shutterstock.
图片来自Shutterstock。