BUZZ-3M cuts annual profit forecast, shares fall

Reuters
Yesterday
BUZZ-<a href="https://laohu8.com/S/MMM">3M</a> cuts annual profit forecast, shares fall

** Shares of industrial conglomerate 3M MMM.N fall 2.5% to $123 premarket

** Co cuts 2025 profit forecast amid trade tensions

** Co expects a tariff-related negative impact of $0.20 to $0.40 per share on its 2025 adjusted profit forecast of $7.60 to $7.90

** MMM's Q1 adjusted net sales of $5.8 bln falls nearly 25% from $7.72 bln a year earlier

** 12 of 19 brokerages rate the stock "buy" or higher, 5 "hold" and 2 "sell"; their median PT is $155 - LSEG data

** As of last close, stock was down 2.32% YTD

(Reporting by Anshuman Tripathy)

((Anshuman.Tripathy@thomsonreuters.com))

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