** Shares of 3M MMM.N up 3.3% at $164.3 premarket
** Co raises annual profit forecast, as its cost-cutting measures and efforts to focus on high-margin products begin to pay off
** MMM now expects 2025 adjusted profit in range of $7.75 and $8 per share, compared with $7.60 to $7.90 per share expected previously
** Co says increased annual earnings per share forecast now includes the impact of tariffs
** Co posts Q2 adjusted profit of $2.16/shr compared with average analyst estimate of $2.01/shr, according to data compiled by LSEG
** Median PT of 19 brokerages covering the stock is $163 - LSEG data
** As of last close, stock was up 23.2% YTD
(Reporting by Anshuman Tripathy)
((Anshuman.Tripathy@thomsonreuters.com))
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