JPMorgan cuts target for 3M stock from USD 205.00 to USD 185.00

Published on 10/12/2026 at 11:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JPMorgan cut its target to USD 185.00 on October 9, 2026. 3M stock costs EUR 143.20 on October 12, 2026, 0.62 percent below EUR 144.10.

Key points in brief

JPMorgan cut its 3M price target from USD 205.00 to USD 185.00 on October 9, 2026, while keeping an Overweight rating.
3M reported adjusted earnings per share of USD 2.40 against USD 2.25 consensus in the second quarter of 2026.
3M stock was at EUR 143.20 at Lang & Schwarz on October 12, 2026, 0.62 percent below the Xetra close of October 9, 2026 at EUR 144.10.
3M's third-quarter 2026 earnings conference call is scheduled for October 20, 2026.

Isometrische 3D-Illustration einer industriellen Wertschöpfungskette, Prozessbezug zu 3M Company — Isometrische 3D-Grafik der Wertschöpfungskette veranschaulicht Produktionsprozesse von 3M Company, ISIN US88579Y1010, Industriekonzern, Illustration mit AI erstellt.

JPMorgan cut its price target for 3M from USD 205.00 to USD 185.00 while maintaining an Overweight rating in a report dated October 9, 2026, according to MarketBeat. The move puts the new target USD 3.29 above the consensus target of USD 181.71 cited in the same report.

Three dated signals for 3M

On July 21, 2026, 3M reported adjusted earnings per share of USD 2.40 for the second quarter of 2026, exceeding the USD 2.25 consensus, while revenue reached USD 6.50 billion and grew 2.50 percent year over year, according to 3M. The company also reported adjusted free cash flow of USD 1.30 billion for the quarter.

On October 6, 2026, 3M announced that its third-quarter 2026 earnings conference call would take place on October 20, 2026, at 8:00 a.m. CT, according to 3M. On October 9, 2026, JPMorgan's target reduction supplied the latest dated signal for the stock.

What does the target cut change?

The revised USD 185.00 target remains USD 3.29 above the USD 181.71 consensus target, but it is USD 20.00 below JPMorgan's previous target. That contrast matters because 3M's second-quarter adjusted earnings beat consensus by USD 0.15 per share, while the latest analyst action reduced the valuation reference.

3M's fiscal 2026 earnings guidance stands at USD 8.80-8.95 per share, according to MarketBeat. The upcoming October 20 call will therefore put the second-quarter revenue growth of 2.50 percent and the full-year outlook back at the center of the valuation debate.

Stock stays below the Xetra close

3M stock was trading at EUR 143.20 at Lang & Schwarz on October 12, 2026, at 11:16 a.m. CEST. That is EUR 0.90, or 0.62 percent, below the Xetra close of October 9, 2026 at EUR 144.10. The further course of trading is shown by the continuously updated real-time quote of 3M stock.