Review Draft - BUZZ - Preview: 3M is expected to show growth in revenue and earnings per share in its Tuesday earnings report

No changes made prior to report release

October 20 - ** 3M Company (MMM.N) shares fell 1% on Monday, as the market expects that the company will report growth in revenue and earnings per share in its quarterly report due before Tuesday's market open.

** According to London Stock Exchange Group (LSEG) data, the industrial group is expected to report quarterly revenue of $6.61 billion (compared to $6.32 billion in the same period last year), with adjusted earnings per share of $2.38 (compared to $2.19 last year).

** The company raised its full-year profit outlook in July (link), saying price increases offset inflation impacts and that performance in the Safety and Industrial business segment remained strong.

** Investors are also closely watching developments in litigation costs (link), after a $1.4 billion lawsuit was filed in Australia over "forever chemicals" contamination.

** In July, the state of New York (link) sued 3M, DuPont DD.N, and others, alleging their sales of "forever chemicals" harmed the environment and public health.

** The 12-month median price target for MMM shares is $187; the latest price was $163.17.

** According to LSEG data, analyst ratings on the stock include 10 "strong buy" or "buy" ratings, 10 "hold" ratings, and one "sell" rating.

** 3M's stock has risen about 2% so far this year, while the Dow Jones Industrial Average .DJI has gained more than 8% over the same period.

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