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Fly News Breaks for October 11, 2017
Oct 11, 2017 | 09:08 EDT
Credit Suisse analyst Julian Mitchell raised his price target for 3M to $237 from $229 ahead of results. The analyst reiterates an Outperform rating on the shares.
News For MMM From the Last 2 Days
Mar 22, 2018 | 11:34 EDT
At the Bank of America Merrill Lynch Global Industrials Conference, 3M said it expects to be at the low end of its 3%-5% organic local-currency sales growth projection for Q1. 3M said that a "softer" outlook for demand in Consumer Electronics and some strong year-over-year comparables leave it with a more moderate view of growth for 2018, in the 1%-4% range. 3M said January and February started off as projected, with growth broadly across businesses and geographies. For March, 3M said iti s seeing a "bit of a slow start" in some of its Industrial businesses, including automotive OEM and automotive aftermarket. The company said it believes that 3%-5% organic local-currency sales growth for FY18 is the "right projection."
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