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Stock impact report

Jim Cramer on 3M Company: “You Have My Blessing to Buy It Right Here” [Yahoo! Finance]

3M Company (MMM) 
Last 3m company earnings: 4/28 06:30 am Check Earnings Report
US:NYSE Investor Relations: investors.3m.com/overview/default.aspx
Company Research Source: Yahoo! Finance
… When the company reported on Tuesday morning, I think the market got it wrong. First of all, the stock was just hammered… I think Wall Street totally overreacted to that latest quarter… Overall, I think you could call it a mixed bag, but you know what? I think that's too negative in itself. A little less than a year ago, 3M held an investor day where they rolled out some medium-term financial targets for 2025 through 2027. And when management announced its full-year forecast for 2026 this week, the numbers show that 3M is mostly ahead of schedule, on its way to those medium-term targets. Nothing wrong with that… My view: Look, I don't mind a conservative forecast that can be beaten, and I do think it will be beaten because 3M has now quietly beaten the earnings estimates for 12 straight quarters, including all six quarters where Brown has been leading the company. So it wouldn't surprise me if they can put up 9% earnings growth this year when all is said and done…I've read the whol Show less Read more
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