3M Company

(New York Stock Exchange)
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Bullish +52

3M (NYSE:MMM) Stock Rating Upgraded by JPMorgan Chase & Co.

AI-generated analysis

📈 JPMorgan Chase upgraded 3M from 'neutral' to 'overweight' with a new price target of $180.00.

📉 Goldman Sachs maintains a 'buy' rating with a $190.00 target, while Deutsche Bank lowered its target to $171.00.

💰 3M reported Q2 EPS of $2.14, beating analyst estimates of $1.98 by $0.16.

📊 Revenue for the quarter was $6 billion, slightly below the consensus estimate of $6.04 billion.

📈 Year-over-year revenue growth stood at 1.3% during the reported quarter.

🎯 The company achieved a return on equity of 104.75% and a net margin of 11.14%.

🔮 Full-year 2026 guidance is set between $8.50 and $8.70 EPS.

🏦 Institutional investors own 65.25% of the company's outstanding shares.

📉 The consensus analyst rating remains 'Hold' with a target price of $169.43.

👥 Seven analysts rate the stock as Buy, five as Hold, and two as Sell.

Bullish Signals
  • JPMorgan Chase upgraded 3M from a neutral to an overweight rating, raising its price target to $180.00.
  • Goldman Sachs maintains a buy rating with a high price target of $190.00.
  • Wolfe Research reaffirmed an outperform rating on the stock.
  • 3M beat quarterly earnings estimates with EPS of $2.14 versus consensus of $1.98.
  • The company achieved a strong return on equity of 104.75% and a net margin of 11.14%.
  • Institutional investors increased or initiated positions, including Cornerstone Planning Group growing holdings by 32.1%.
  • Revenue grew 1.3% year-over-year to $6 billion despite missing consensus slightly.
Risk Factors
  • Deutsche Bank lowered its price target from $181.00 to $171.00 with a hold rating.
  • Royal Bank of Canada reduced its price objective to $123.00 and issued an underperform rating.
  • Quarterly revenue of $6 billion missed the analyst consensus estimate of $6.04 billion.
  • The consensus analyst target price of $169.43 is below JPMorgan's new $180.00 target.
Full Analysis
JPMorgan Chase upgraded 3M (NYSE:MMM) from a 'neutral' to an 'overweight' rating on Friday, July 19th, raising its price target to $180.00 from $178.00, implying potential upside of 12.63% from current levels. This move follows recent analyst activity where Goldman Sachs set a buy rating with a $190.00 target, while Jefferies raised their target to $175.00. Conversely, Deutsche Bank lowered its target to $171.00 and Royal Bank of Canada reduced its objective to $123.00 with an underperform rating. According to MarketBeat data, the consensus rating for 3M remains 'Hold' with a consensus price target of $169.43 based on seven buy ratings, five hold ratings, and two sell ratings from various equities research analysts. Institutional ownership stands at 65.25%, with recent activity including new positions by Commonwealth Retirement Investments LLC ($28,000), EQ Wealth Advisors LLC ($40,000), Sfam LLC ($45,000), and WFA of San Diego LLC ($61,000). Cornerstone Planning Group increased its holdings by 32.1% in the first quarter. 3M reported quarterly earnings on April 21st with EPS of $2.14, beating estimates of $1.98, though revenue of $6 billion slightly missed the $6.04 billion consensus. The company achieved a return on equity of 104.75% and a net margin of 11.14%, with revenue growing 1.3% year-over-year. Management has set full-year 2026 guidance between $8.50 and $8.70 EPS, while analysts anticipate $8.74 EPS for the current fiscal year. Founded in 1902 as Minnesota Mining and Manufacturing Company, 3M is a diversified global technology and manufacturing firm headquartered in St. Paul, Minnesota. Its business portfolio spans industrial safety, healthcare, consumer products, adhesives, abrasives, filtration, and automotive solutions. The company maintains a reputation for applied science and product innovation across multiple end markets.