03:05 PM EST, 02/27/2025 (MT Newswires) -- 3M's ( MMM ) earnings consensus estimates for 2027 are likely to be revised upwards following the company's analyst meeting and "proactive" growth initiatives, UBS said in a note emailed Thursday.

UBS said it expects consensus estimates to move up about 3% to $9.50 for 2027 earnings per share, with "good potential" for upside beyond that number. The firm estimates 2027 earnings of $9.58 per share.

3M's ( MMM ) management team expects revenue growth to accelerate in each of the next three years. Combined with "meaningful" net productivity savings of around $1 billion, UBS said it was "even more convinced in [its] positive thesis on the stock" following the analyst meeting.

UBS maintained its price target of $184 on the stock, with a buy rating.

Price: 150.06, Change: +2.63, Percent Change: +1.78