3M Jumps on Higher Outlook
3M (MMM ) raised the 80 cents to 82 cents first-quarter earnings per share guidance to 86 cents to 88 cents, and expects sales volume growth to be toward the higher end of a previously stated range of 5% to 8%; 3M, which makes Scotch brand tape, Post-it Notes, and touch computer screens, now forecasts $3.53 to $3.62 2004 earnings per share. Citigroup upgraded. S&P keeps hold.
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