Jim Cramer Praises 3M Company Following Strong Earnings Report
On CNBC's Squawk on the Street, Jim Cramer praised industrial conglomerate 3M (NYSE:MMM) for its strong second-quarter earnings and ongoing turnaround efforts. The company reported $6.50 billion in revenue and $2.40 per share in profit, surpassing analyst expectations of $6.41 billion and $2.25 respectively. Additionally, 3M raised its full-year EPS forecast to between $8.80 and $8.90 from the previous range of $8.50 to $8.70. Cramer highlighted CEO Bill Brown's leadership in turning around the company, noting a significant inflection point following the earnings report. Shares of 3M rose by 6.6% after the results were released on Monday morning. Analysts from Goldman Sachs and UBS also upgraded their price targets for MMM stock to $202 and $218 respectively while maintaining 'Buy' ratings. Hedge fund interest in 3M remained relatively stable, with a slight increase in ownership between Q4 2025 and Q1 2026. D.E. Shaw held the largest stake at $768 million during this period.
Tickers: $MMM