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MMM

3M

$169.18

-2.89 (-1.68%)

21:59
07/08/19
07/08
21:59
07/08/19
21:59

3M downgraded to Sector Perform from Outperform at RBC Capital

  • 25

    Jul

MMM 3M
$169.18

-2.89 (-1.68%)

05/24/19
JEFF
05/24/19
NO CHANGE
Target $185
JEFF
Hold
3M likely to further temper expectations for Q3, says Jefferies
Jefferies analyst Laurence Alexander expects 3M in the near-term will to further temper expectations for its fiscal Q3 given "recent exogenous shocks to customer sentiment." Short-cycle indicators suggest that commentary on order books in the next few weeks will likely be a "touch worse than expected," and currency remains a headwind, Alexander tells investors in a research note. Further, Acelity accretion next year will likely be offset by incremental headwinds from adverse currency moves, softness in European automotive and industrial activity, and risks to consumer confidence in the U.S., Alexander adds. He lowered his 2019 earnings per share estimate for 3M to $9.30 from $9.60, 2020 estimate to $10.15 from $10.35 and 2021 estimate to $10.80 from $10.90. The analyst also trimmed his price target for the shares to $185 from $191 and keeps a Hold rating on the name.
06/03/19
SBSH
06/03/19
NO CHANGE
Target $197
SBSH
Buy
3M price target lowered to $197 from $221 at Citi
Citi analyst Andrew Kaplowitz lowered his price target for 3M to $197 from $221 while maintaining a Buy rating on the shares after hosting investor meetings with management. The company is facing a "series of headwinds," such as continued destocking, digesting complex business transformation, and dealing with the increasing uncertainty of PFAS liability, Kaplowitz tells investors in a research note. However, the "bones" of 3M are strong, adds the analyst. He sees the "distinct possibility" that 3M can begin to come out of its "malaise" in the second half of 2019 and in 2020.
06/20/19
RBCM
06/20/19
INITIATION
Target $80
RBCM
Sector Perform
DuPont initiated with a Sector Perform at RBC Capital
RBC Capital analyst Arun Viswanathan initiated DuPont (DD) with a Sector Perform rating and a price target of $80 after its completed spin-offs, saying the current valuation asks investors for a "leap of faith" with multiples comparable to multi-industry peers like 3M (MMM) and Honeywell (HON). The analyst notes that although the company's improvements are "tangible", he also sees its prospects as more dependent on the macro conditions. Given the softer auto and smartphone demand in China, Viswanathan prefers to have "greater confidence" in DuPont performance before assigning a higher multiple.
06/27/19
DBAB
06/27/19
NO CHANGE
DBAB
Buy
Corning 'fundamentally undervalued' relative to peers, says Deutsche Bank
Corning's (GLW) glass innovations and growth opportunities ahead merit an "innovation premium," Deutsche Bank analyst Vijay Bhagavath tells investors in a research note. At current share levels, Corning is "fundamentally undervalued" relative to tech industrials peers like Keysight Technologies (KEYS), Motorola Solutions (MSI), 3M (MMM) and Amphenol (APH), adds the analyst. Bhagavath keeps a Buy rating on shares of Corning.

TODAY'S FREE FLY STORIES

RF

Regions Financial

$14.76

0.06 (0.41%)

06:05
07/19/19
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06:05
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06:05
Earnings
Breaking Earnings news story on Regions Financial »

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MIK

Michaels

$8.37

-0.53 (-5.96%)

06:05
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06:05
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06:05
Downgrade
Michaels rating change  »

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HQY

HealthEquity

06:05
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07/19
06:05
07/19/19
06:05
Upgrade
HealthEquity rating change  »

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POST

Post Holdings

$108.09

0.64 (0.60%)

06:04
07/19/19
07/19
06:04
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06:04
Upgrade
Post Holdings rating change  »

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RF

Regions Financial

$14.76

0.06 (0.41%)

06:02
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RF

Regions Financial

$14.76

0.06 (0.41%)

06:01
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06:01
Hot Stocks
Breaking Hot Stocks news story on Regions Financial »

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RF

Regions Financial

$14.76

0.06 (0.41%)

06:00
07/19/19
07/19
06:00
07/19/19
06:00
Earnings
Regions Financial reports Q2 EPS 37c, consensus 39c »

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AMZN

Amazon.com

$1,978.35

-14.06 (-0.71%)

05:59
07/19/19
07/19
05:59
07/19/19
05:59
Periodicals
Amazon hiring for 'stealth advertising innovation' team, Business Insider says »

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  • 25

    Jul

TM

Toyota

$129.88

0.625 (0.48%)

05:57
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Toyota, BYD enter agreement to jointly develop battery electric vehicles »

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WE

We Company

$0.00

(0.00%)

05:55
07/19/19
07/19
05:55
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05:55
Periodicals
We Company to host analyst day for Wall Street banks on July 31, Reuters reports »

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JCP

J.C. Penney

$1.08

-0.06 (-5.29%)

05:53
07/19/19
07/19
05:53
07/19/19
05:53
Periodicals
J.C. Penney hires advisers to explore debt restructuring options, Reuters says »

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BAYRY

Bayer

$0.00

(0.00%)

05:50
07/19/19
07/19
05:50
07/19/19
05:50
Periodicals
Bayer welcomes decision for reduced damages in Roundup case, Reuters reports »

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  • 25

    Sep

MDLA

Medallia

$0.00

(0.00%)

05:49
07/19/19
07/19
05:49
07/19/19
05:49
Syndicate
Medallia 15.5M share IPO price $21.00 »

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  • 19

    Jul

IFS

Intercorp Financial Services

$0.00

(0.00%)

05:46
07/19/19
07/19
05:46
07/19/19
05:46
Syndicate
Intercorp Financial Services 9M share IPO priced at $46.00 »

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  • 19

    Jul

CRWD

Crowdstrike

$72.75

1.77 (2.49%)

05:45
07/19/19
07/19
05:45
07/19/19
05:45
Recommendations
Crowdstrike analyst commentary  »

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AFYA

Afya

$0.00

(0.00%)

05:44
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07/19
05:44
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05:44
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Afya 13.744M share IPO priced at $19.00 »

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  • 19

    Jul

OXY

Occidental Petroleum

$51.01

-0.18 (-0.35%)

, APC

Anadarko

$72.97

-0.16 (-0.22%)

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OXY

Occidental Petroleum

$51.01

-0.18 (-0.35%)

APC

Anadarko

$72.97

-0.16 (-0.22%)

03/08/13
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MSFT

Microsoft

$136.29

0.06 (0.04%)

, IBM

IBM

$149.63

6.56 (4.59%)

05:42
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05:42
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Microsoft, IBM, Oracle, SAP analyst commentary  »

Microsoft price target…

MSFT

Microsoft

$136.29

0.06 (0.04%)

IBM

IBM

$149.63

6.56 (4.59%)

ORCL

Oracle

$58.13

0.13 (0.22%)

SAP

SAP

$127.28

-6.94 (-5.17%)

03/08/13
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AMRN

Amarin

$18.90

-2.16 (-10.26%)

05:42
07/19/19
07/19
05:42
07/19/19
05:42
Syndicate
Amarin 22.222M share Secondary priced at $18.00 »

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  • 28

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SCHW

Charles Schwab

$41.48

0.28 (0.68%)

05:40
07/19/19
07/19
05:40
07/19/19
05:40
Conference/Events
Charles Schwab to host business news update conference call »

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  • 19

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    Oct

SUN

Sunoco

$32.92

-0.26 (-0.78%)

05:38
07/19/19
07/19
05:38
07/19/19
05:38
Initiation
Sunoco initiated  »

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BUD

AB InBev

$89.38

0.96 (1.09%)

05:37
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  • 25

    Jul

BUD

AB InBev

$89.38

0.96 (1.09%)

05:36
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AB InBev to sell Carlton & United Breweries for $11.3B to Asahi Group »

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  • 25

    Jul

WE

We Company

$0.00

(0.00%)

05:33
07/19/19
07/19
05:33
07/19/19
05:33
Periodicals
WeWork co-founder has cashed out over $700M ahead of IPO, WSJ reports »

Adam Neumann, the…

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ARDS

Aridis Pharmaceuticals

$9.80

(0.00%)

05:31
07/19/19
07/19
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05:31
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Aridis Pharmaceuticals receives Orphan Drug Designation from EMA for AR-501 »

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  • 13

    Aug

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