3M 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