3M Co

MMM: XNYS (USA)

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3M Earnings: Slow but Positive Growth Makes for a Decent Quarter

Nicholas Lieb

Jan 21, 2025

3M reported fourth-quarter results the morning of Jan. 21, marking another quarter of essentially flat growth. We’ve raised our fair value estimate to $105 per share from $89 to reflect our more bullish long-term margin and revenue growth expectations. Our Uncertainty Rating remains Very High to reflect the potential outcomes of litigation against 3M surrounding per- and polyfluoroalkyl substances, leaving the company in 2-star territory.

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3M Co

3M Earnings: Slow but Positive Growth Makes for a Decent Quarter

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