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.

M Co. expects profit to grow this year as Chief Executive Officer William Brown works to advance his plan to turn around the sprawling manufacturer. Adjusted earnings in 2025 should be $7.60 to

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

U.S. industrial conglomerate 3M Co on Tuesday forecast 2025 adjusted profit largely in line with Wall Street estimates, as the company cut costs amid weak consumer spending on non-essential items.