Barclays Cuts 3M (NYSE:MMM) Price Target to $185.00

Key Points

• Barclays lowered its price target on 3M to $185 (from $190) while maintaining an overweight rating, implying about a 27% upside from the prior close.
• The analyst consensus remains a Hold with an average price target of $172.64 (4 Buys, 6 Holds, 1 Sell), leaving a notable gap between broker targets and current share levels.
• Shares traded around $145.67 mid‑day; 3M recently beat EPS expectations and set FY‑2026 guidance of 8.50–8.70 EPS versus analysts' average forecast of ~7.8.

3M (NYSE:MMM - Get Free Report) had its price objective decreased by investment analysts at Barclays from $190.00 to $185.00 in a research report issued to clients and investors on Wednesday,MarketScreener reports. The firm presently has an "overweight" rating on the conglomerate's stock. Barclays's price objective would suggest a potential upside of 27.00% from the stock's previous close.

MMM has been the subject of a number of other research reports. UBS Group reiterated a "buy" rating on shares of 3M in a research report on Friday, March 13th. JPMorgan Chase & Co. restated a "neutral" rating and set a $182.00 price target on shares of 3M in a report on Friday, January 16th. Mizuho set a $160.00 target price on shares of 3M in a research note on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft increased their target price on 3M from $179.00 to $181.00 and gave the company a "hold" rating in a report on Wednesday, January 21st. Finally, Morgan Stanley raised their price objective on 3M from $160.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $172.64.

3M Price Performance

Shares of MMM traded up $0.44 during midday trading on Wednesday, reaching $145.67. The stock had a trading volume of 964,353 shares, compared to its average volume of 4,169,557. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.71 and a quick ratio of 1.33. The company has a market capitalization of $76.09 billion, a P/E ratio of 24.28, a P/E/G ratio of 2.07 and a beta of 1.08. The firm's 50 day moving average price is $157.90 and its 200-day moving average price is $161.01. 3M has a 52 week low of $121.98 and a 52 week high of $177.41.

3M (NYSE:MMM - Get Free Report) last announced its earnings results on Tuesday, January 20th. The conglomerate reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.03. The business had revenue of $6 billion during the quarter, compared to analysts' expectations of $6.03 billion. 3M had a return on equity of 95.36% and a net margin of 13.03%.The company's quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the business posted $1.68 earnings per share. 3M has set its FY 2026 guidance at 8.50-8.700 EPS. On average, analysts forecast that 3M will post 7.8 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Theresa E. Reinseth sold 5,145 shares of the business's stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $172.75, for a total value of $888,798.75. Following the completion of the sale, the chief accounting officer directly owned 2,585 shares in the company, valued at approximately $446,558.75. The trade was a 66.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.48% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On 3M

Several hedge funds have recently modified their holdings of MMM. Commonwealth Retirement Investments LLC acquired a new stake in shares of 3M during the 4th quarter worth approximately $28,000. J.Safra Asset Management Corp bought a new position in shares of 3M in the third quarter valued at approximately $34,000. Westside Investment Management Inc. raised its stake in shares of 3M by 77.4% in the third quarter. Westside Investment Management Inc. now owns 243 shares of the conglomerate's stock valued at $38,000 after acquiring an additional 106 shares during the last quarter. EQ Wealth Advisors LLC bought a new stake in 3M during the 4th quarter worth approximately $40,000. Finally, Sfam LLC acquired a new stake in 3M during the 4th quarter valued at $45,000. 65.25% of the stock is owned by institutional investors.

3M Company Profile

3M Company, originally founded in 1902 as the Minnesota Mining and Manufacturing Company, is a diversified global technology and manufacturing firm headquartered in St. Paul, Minnesota. Over its history the company has expanded from mineral mining into a broad portfolio of industrial, safety, healthcare and consumer products, building a reputation for applied science and product innovation across many end markets.

3M's businesses span a wide range of product categories including adhesives and tapes, abrasives, filtration and separation technologies, personal protective equipment such as respirators, medical and dental products, industrial and automotive solutions, and a suite of consumer brands (for example, well-known office and home products).

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