3M Company stock extended its post-guidance decline with no significant new catalyst. The company recently reported strong quarterly earnings, beating expectations with $1.83 EPS and $6.13 billion in revenue, and provided FY2026 guidance of $8.50-$8.70 EPS. However, eleven analysts have assigned a consensus "Hold" rating with an average 12-month price target of $175.36. 3M is undergoing a significant portfolio transformation, evaluating approximately 10% of its operations for potential divestitures and reducing its factory and distribution center footprint to improve efficiency. The company is also implementing business transformation programs focused on commercial excellence and new product launches. Additionally, the U.S. government filed a petition for an en banc rehearing in a 3M transfer pricing appeal involving Brazilian tax matters.
Read full analysis3M Company stock extended its post-guidance decline with no significant new catalyst. The company recently reported strong quarterly earnings, beating expectations with $1.83 EPS and $6.13 billion in revenue, and provided FY2026 guidance of $8.50-$8.70 EPS. However, eleven analysts have assigned a consensus "Hold" rating with an average 12-month price target of $175.36. 3M is undergoing a significant portfolio transformation, evaluating approximately 10% of its operations for potential divestitures and reducing its factory and distribution center footprint to improve efficiency. The company is also implementing business transformation programs focused on commercial excellence and new product launches. Additionally, the U.S. government filed a petition for an en banc rehearing in a 3M transfer pricing appeal involving Brazilian tax matters.
3M Company (MMM) is a publicly traded company in the Industrials sector.