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.
沃爾夫研究對3M公司（紐約證券交易所代碼：MMM）的最新分析標誌着該公司的前景大幅上調，將評級從 “同行表現” 轉移到 “跑贏大盤”，並設定了2024年底每股125美元的強勁目標股價。
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.
須知：沃爾夫研究分析師奈傑爾·科的樂觀前景的關鍵是任命比爾·布朗爲3M首席執行官，他以在L3Harris的成功任期而聞名。
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認爲，布朗的運營專業知識將推動利潤率的提高，並有可能擴大公司的估值倍數，爲提高中期盈利能力奠定基礎。
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的醫療保健業務（SOLV）之後，沃爾夫研究分析師進行了詳細的重新評估，將該公司2024財年的每股收益估計提高至6.80美元至7.30美元區間的上限。展望未來，Coe預計，到2026年，每股收益將達到8.73美元，這反映了在沒有過於激進的運營假設的情況下實現較高的個位數複合年增長率。
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.
儘管承認存在諸如溫和增長趨勢和總額爲210億美元的巨額法律責任等挑戰，但Coe斷言3M目前的估值仍然具有吸引力的折扣。
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.
沃爾夫研究分析師的125美元目標股價是基於2025年預計息稅折舊攤銷前利潤的13.5倍的保守倍數。此次上調是繼該分析公司此前於2023年8月從 “表現不佳” 上調之後進行的，這凸顯了對公司前景的新信心。
MMM Price Action: 3M shares closed Thursday up 0.34% at $101.55, according to Benzinga Pro.
MMM價格走勢：根據Benzinga Pro的數據，3M股價週四收盤上漲0.34％，至101.55美元。
Image Via Shutterstock.
圖片來自 Shutterstock。