JPMorgan Chase & Co. Has Lowered Expectations for 3M (NYSE:MMM) Stock Price

3M (NYSE:MMM) had its price target reduced by equities research analysts at JPMorgan Chase & Co. from $182.00 to $178.00 in a research report issued on Wednesday,MarketScreener reports. The firm currently has a “neutral” rating on the conglomerate’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 22.88% from the company’s previous close.

A number of other analysts also recently weighed in on the stock. Wolfe Research reduced their target price on shares of 3M from $205.00 to $186.00 and set an “outperform” rating on the stock in a report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of 3M from $181.00 to $171.00 and set a “hold” rating on the stock in a report on Wednesday. Royal Bank Of Canada reduced their target price on shares of 3M from $134.00 to $133.00 and set an “underperform” rating on the stock in a report on Wednesday. Barclays reduced their target price on shares of 3M from $190.00 to $185.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. Finally, UBS Group restated a “buy” rating on shares of 3M in a report on Friday, March 13th. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $171.17.

3M Price Performance

3M stock opened at $144.86 on Wednesday. The company has a market cap of $75.55 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 2.11 and a beta of 1.09. The firm’s fifty day moving average is $153.13 and its 200 day moving average is $160.11. The company has a quick ratio of 1.33, a current ratio of 1.59 and a debt-to-equity ratio of 3.29. 3M has a 52-week low of $134.85 and a 52-week high of $177.41.

3M (NYSE:MMM) last posted its earnings results on Tuesday, April 21st. The conglomerate reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.16. 3M had a net margin of 11.14% and a return on equity of 104.75%. The firm had revenue of $6 billion for the quarter, compared to the consensus estimate of $6.04 billion. During the same period in the previous year, the firm posted $1.88 EPS. The business’s quarterly revenue was up 1.3% on a year-over-year basis. 3M has set its FY 2026 guidance at 8.500-8.700 EPS. Sell-side analysts forecast that 3M will post 8.69 EPS for the current fiscal year.

Insider Buying and Selling

In other 3M news, CAO Theresa E. Reinseth sold 5,145 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer owned 2,585 shares of the company’s stock, valued at $446,558.75. This represents a 66.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.19% of the stock is owned by company insiders.

Hedge Funds Weigh In On 3M

Hedge funds have recently bought and sold shares of the business. Commonwealth Retirement Investments LLC bought a new position in 3M in the 4th quarter valued at $28,000. J.Safra Asset Management Corp bought a new position in shares of 3M during the third quarter valued at approximately $34,000. Westside Investment Management Inc. boosted its stake in shares of 3M by 77.4% during the third quarter. Westside Investment Management Inc. now owns 243 shares of the conglomerate’s stock valued at $38,000 after purchasing an additional 106 shares in the last quarter. EQ Wealth Advisors LLC bought a new position in shares of 3M during the fourth quarter valued at approximately $40,000. Finally, Sfam LLC bought a new position in shares of 3M during the fourth quarter valued at approximately $45,000. Institutional investors own 65.25% of the company’s stock.

Key Headlines Impacting 3M

Here are the key news stories impacting 3M this week:

• Positive Sentiment: HSBC raised its price target to $185 and kept a Buy rating, signaling sizable upside vs. current levels and supporting upside expectations. MarketScreener
• Positive Sentiment: Wells Fargo bumped its target to $165 and maintained an Overweight rating, another upward revision that lends support to the stock. Benzinga
• Positive Sentiment: Jefferies raised its target to $170 (Hold), part of a cluster of raises that reflect confidence in operational improvements and margin progress. MarketScreener
• Positive Sentiment: Analyst commentary/coverage (Seeking Alpha) upgraded the tone to “Time To Start Nibbling,” highlighting the EPS beat, cash flow improvements and a potentially attractive entry point for long-term investors. Seeking Alpha
• Positive Sentiment: Q1 deep-dive coverage notes 3M beat non-GAAP EPS ($2.14 vs. consensus ~$1.98) and cited productivity gains and strategic moves; revenue was roughly flat (~$6.0B). The operational beat supports management’s FY guidance. Yahoo Finance
• Neutral Sentiment: JPMorgan trimmed its target slightly to $178 and kept a Neutral rating — a small downgrade in target but no change in conviction, suggesting mixed analyst views rather than a broad negative shift. MarketScreener
• Neutral Sentiment: Deutsche Bank cut its target to $171 but kept a Hold — another modest reset that reflects tempered upside while leaving longer-term fundamentals intact. MarketScreener
• Negative Sentiment: RBC lowered its target to $133 and kept an Underperform rating, the most bearish call among recent notes — this raises near-term selling pressure and contributes to the stock’s decline. MarketScreener

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).