Langenberg lifts 2014 EPS estimate for 3M

Langenberg & Co. describes a recent meeting with 3M (MMM +1.1%) as "far more" interesting than expected.

The firm notes that MMM outlined meaningful changes to its capital structure.

Langenberg's new 2014 EPS estimate: $7.45 (from $7.35). Consensus is $7.38.

2015 estimate: $8.30

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