** 3M MMM.N raised its full-year profit forecast and projected a smaller tariff-related hit to its 2025 earnings on Friday
** Median PT of 19 brokerages covering the stock is $170 - LSEG data
ROOM FOR BULLS AND BEARS
** Morgan Stanley ("underweight," PT: $125) believes the sharp reversal in MMM stock is justified, as despite the earnings beat the outlook for second-half growth appears weak due to limited pricing power, potential volume headwinds and rising trade policy risks
** Barclays ("overweight," PT: $172) says "We think MMM's results all-in were encouraging, both on capital deployment (larger buyback) and the margin performance despite tariffs"
** Wolfe Research ("outperform," PT: $187) views 3M's stock drop as a buying opportunity, citing strong earnings, raised guidance, and conservative margin forecasts despite no clear reason for the negative market reaction
** Morningstar (fair value: $101) says "Although the firm shows signs of life, we expect litigation and secular declines in a number of its businesses to hamper results for quite some time"
(Reporting by Rashika Singh in Bengaluru)
((rashika.singh@thomsonreuters.com))
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