3M price target raised to $143 from $120 at BofA

BofA raised the firm’s price target on 3M to $143 from $120 and keeps a Buy rating on the shares after Q2 results came in ahead of expectations on EPS and operations. Following the report, the firm maintains 2024 EPS at $7.30, which it notes is at the high end of 3M’s guidance, and raised its EPS for 2025 to $7.90 from $7.75 and 2026 EPS from $8.10 to $8.50, citing confidence in 3M’s improving execution.