For the last quarter of 2024, the tape maker reported a 2.2% year-over-year increase of adjusted sales of $5.8 billion with operating margin of 18.1%. The combination of 1.3 billion of free cash flow and a 17% year-over-year increase of GAAP EPS to $1.33 contribute to Wells Fargo's positive outlook on 3M.

Financial-services firm Wells Fargo upgraded 3M to Overweight, citing profit margin potential and share buybacks.

M Co forecast profit growth for 2025 and beat fourth-quarter estimates as the U.S. industrial conglomerate benefited from efforts to revive sales and reduce costs, sending its shares up 4.6% on Tuesday.