JPMorgan cut 3M stock target from USD 205.00 to USD 185.00

Published on 10/13/2026 at 11:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 results come October 20, 2026 with USD 2.39 expected per share. 3M stock trades EUR 144.63 on October 13, 2026, 0.19 percent below EUR 144.90.

Key points in brief

JPMorgan cut its 3M target from USD 205.00 to USD 185.00 on October 9, 2026.
3M's second-quarter 2026 adjusted sales reached USD 6.5 billion, while adjusted earnings per share were USD 2.40.
The stock was trading at EUR 144.63 at Lang & Schwarz on October 13, 2026, 0.19 percent below the October 12 Xetra close of EUR 144.90.
3M's third-quarter 2026 earnings conference call is scheduled for October 20, 2026.

Makrofoto von Schleifpapierkörnern und Klebefolie, Materialbezug zu 3M Company — Makroaufnahme von Schleifpapierkörnern und Klebefolie veranschaulicht Materialien von 3M Company, ISIN US88579Y1010, Industriesparte, Illustration mit AI erstellt.

3M Company (ISIN US88579Y1010) was trading at EUR 144.63 at Lang & Schwarz on October 13, 2026 at 11:40 a.m. CEST, 0.19 percent below the Xetra close of October 12, 2026 at EUR 144.90. The latest analyst move came on October 9, when JPMorgan cut its target for 3M from USD 205.00 to USD 185.00 while retaining its Overweight rating, MarketBeat reported.

Three recent dated events

On June 30, 2026, 3M reported second-quarter adjusted sales of USD 6.5 billion, adjusted earnings per share of USD 2.40 and adjusted free cash flow of USD 1.3 billion, according to 3M. On October 6, 2026, the company announced its third-quarter earnings conference call for October 20, 2026, 3M said. On October 9, 2026, JPMorgan lowered its target from USD 205.00 to USD 185.00, MarketBeat reported.

What does October 20 put on the calendar?

The October 20, 2026 earnings release is expected before the US market opens, with consensus estimates of USD 2.39 in earnings per share and USD 6.61 billion in revenue for the third quarter. Those estimates compare with second-quarter adjusted earnings per share of USD 2.40 and adjusted sales of USD 6.5 billion, giving the upcoming report a clear benchmark, according to MarketBeat.

3M's full-year 2026 adjusted earnings guidance stands at USD 8.80 to USD 8.95 per share. The range places execution and margin delivery at the center of the next earnings discussion, while the latest quarter provides the operating baseline.

Next dates carry two figures

3M's next reported event is the third-quarter 2026 earnings release on October 20, 2026, followed by the earnings conference call at 8:00 a.m. CT on the same date, according to 3M. The company operates through Safety and Industrial, Transportation and Electronics, and Consumer, with products spanning adhesives, films, filtration materials and personal protective equipment.

Target cut meets a modest move

JPMorgan's USD 185.00 target is USD 20.00 below its previous USD 205.00 target, a cut of 9.76 percent calculated from the old target. The change contrasts with the stock's modest 0.19 percent decline against the October 12 Xetra close, leaving the analyst revision as the more material fresh market signal.

At 11:40 a.m. CEST, 3M was trading at EUR 144.63 at Lang & Schwarz on October 13, 2026, minus 0.19 percent versus the Xetra close of October 12, 2026 at EUR 144.90. The stock's 52-week range was USD 139.34 to USD 184.90 and its market capitalization was USD 83.0 billion as of October 12, 2026.

The further course of trading is shown by the continuously updated real-time quote of 3M stock.