** U.S. industrial conglomerate 3M Co MMM.N on Tuesday beat Wall St expectations for Q1 profit on cost cutting, even as it warned of a potential hit to 2025 earnings from trade tensions
** Median PT of 19 brokerages covering the stock is $153 - data compiled by LSEG
TARIFF TANGO IN THE INDUSTRIAL ARENA
** J.P.Morgan ("overweight", PT: $140) views co's strong margin performance positively despite tariff impacts, but remain cautious due to weaker demand in key sectors
** Barclays ("overweight", PT: $164) says co's early cycle and industrial exposure are favorable, but price hikes and tariffs may impact volume and earnings
** Morgan Stanley ("underweight", PT: $125) says while co points to healthy Q1 orders as evidence of stable demand, they believe this reflects tariff pre-buy, which boosts Q2 sales but ultimately sets co for H2 destock
** RBC ("underperform", PT: $100) sees co successfully sidestepping tariff fallout for now, with no meaningful impact from customer pre-buy, distributor destocking, or a cut to its growth outlook
(Reporting by Rashika Singh in Bengaluru)
((rashika.singh@thomsonreuters.com))
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