JPMorgan cut 3M target to USD 185: 3M stock gains 1.50 percent

Published on 10/14/2026 at 12:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

3M stock costs EUR 145.55 on October 14, 2026 versus EUR 143.40. Adjusted earnings per share reached USD 2.40 in the second quarter.

Target cut and earnings date

JPMorgan cut its 3M target from USD 205.00 to USD 185.00 on October 9, 2026.
Second-quarter sales rose 2.40 percent to USD 6.50 billion on July 21, 2026.
3M stock trades at EUR 145.55 at 12:03 p.m. CEST at Lang & Schwarz on October 14, 2026, 1.50 percent above the Xetra close of October 13, 2026.
Third-quarter 2026 results are 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 stock (ISIN US88579Y1010) was trading at EUR 145.55 at Lang & Schwarz on October 14, 2026 at 12:03 p.m. CEST, up 1.50 percent versus the Xetra close of October 13, 2026 at EUR 143.40. JPMorgan cut its 3M target from USD 205.00 to USD 185.00 on October 9, 2026, while maintaining an Overweight rating, according to Markets Insider.

Three dated signals for 3M

On July 21, 2026, 3M reported second-quarter GAAP sales of USD 6.50 billion, up 2.40 percent year over year, and GAAP earnings per share of USD 1.78, up 33.00 percent. The company also reported adjusted sales of USD 6.50 billion, adjusted earnings per share of USD 2.40 and adjusted organic sales growth of 5.40 percent, according to 3M.

On September 1, 2026, 3M announced a Morgan Stanley conference appearance scheduled for September 15 at 7:45 a.m. The event gave investors a dated management checkpoint before the October reporting cycle, while the October 9 target cut supplied the more recent valuation signal.

What does the target cut change?

JPMorgan's new USD 185.00 target is USD 20.00 below its previous USD 205.00 view. The same October 9 report retained an Overweight rating, creating a mixed signal: the valuation bar moved lower, but the firm's directional view remained positive.

The next operating test is the third quarter. The latest reported quarter combined 5.40 percent adjusted organic sales growth with a 24.90 percent adjusted operating margin, while GAAP operating margin was 15.10 percent, down 290 basis points year over year. That split makes the October update important for judging whether adjusted growth is translating into broader profitability.

October earnings set the next test

3M's third-quarter 2026 earnings conference call is scheduled for October 20, 2026, at 8:00 a.m. CT, according to 3M. The timing puts the next results less than one week after the October 14 market snapshot and gives the adjusted sales trend a clear near-term reference point.

3M was trading at EUR 145.55 at Lang & Schwarz on October 14, 2026 at 12:03 p.m. CEST, 1.50 percent above the Xetra close of October 13, 2026 at EUR 143.40. The 52-week range on the Xetra listing was EUR 120.56 to EUR 161.70, leaving the current euro quote EUR 16.15 below the high, or 9.99 percent.

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