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.
Wolfe Research對3M公司（紐交所：MMM）的最新分析標誌着該公司前景的重大升級，將評級從“同行表現”上調至“表現優異”，並設立了強勁的年底2024年每股目標價格爲125美元。
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.
了解詳情：Wolfe Research分析師Nigel Coe樂觀的前景在於任命L3Harris的成功任期之後，Bill Brown擔任3M公司的CEO。
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，Brown的運營專業知識將推動利潤改善，可能擴大公司的估值倍數，爲中期的增加盈利能力奠定基礎。
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）後，Wolfe Research分析師進行了詳細的重新評估，將公司2024財年的每股收益預估提高到區間6.80美元至7.30美元的上限。CoE遠期展望發現，通過高達中高單位數的每年複合增長率，到2026年EPS 8.73美元的路徑擴張，反映出不過份進取的運營假設。
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.
儘管承認有諸如遜於市場平均水平的增長趨勢和高達210億美元的重要法律責任等挑戰，Coe仍堅稱3M的當前估值仍有吸引力的折價。
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.
Wolfe Research分析師的125美元目標價格基於預計2025年EBITDA的保守13.5倍倍數。此次升級是該分析公司於2023年8月從“表現不佳”上調以來的又一次升級，彰顯了對該公司前景的信心。
MMM Price Action: 3M shares closed Thursday up 0.34% at $101.55, according to Benzinga Pro.
依據Benzinga Pro的數據，3M股票週四收盤上漲0.34%，報101.55美元。
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譯文內容由第三人軟體翻譯。