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Fly News Breaks for March 23, 2018
MMM
Mar 23, 2018 | 08:02 EDT
Citi analyst Andrew Kaplowitz says 3M COO Mike Roman's comments yesterday that Q1 organic growth would be at the lower end of its 3%-5% organic range is a surprise. The analyst, however, does not think it marks the end of 3M's "outsized growth." He believes the guidance could be "mostly be a timing issue" given the greater than expected negative impact from Easter. The analyst keeps a Buy rating on 3M with a $284 price target in a research note titled "Guide-down a Surprise but Not the End of the Run."
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