Morgan Stanley Issues Positive Forecast for 3M (NYSE:MMM) Stock Price

21 Jan 2026, 13:50 by Michael Walen · The Markets Daily

3M (NYSE:MMM – Get Free Report) had its price objective hoisted by equities research analysts at Morgan Stanley from $160.00 to $165.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the conglomerate’s stock. Morgan Stanley’s price objective indicates a potential upside of 5.56% from the stock’s current price.

A number of other brokerages also recently issued reports on MMM. Royal Bank Of Canada set a $136.00 price target on 3M in a research report on Wednesday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $182.00 target price on shares of 3M in a research note on Friday, January 16th. Citigroup lifted their target price on shares of 3M from $160.00 to $169.00 and gave the company a “neutral” rating in a research report on Thursday, October 9th. Wolfe Research decreased their price target on shares of 3M from $197.00 to $196.00 and set an “outperform” rating on the stock in a report on Thursday, January 15th. Finally, Deutsche Bank Aktiengesellschaft cut shares of 3M from a “buy” rating to a “hold” rating and lowered their price objective for the company from $199.00 to $178.00 in a research report on Monday, December 8th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $176.80.

Get Our Latest Report on 3M

3M Stock Down 6.8%

MMM opened at $156.32 on Wednesday. The firm has a market capitalization of $83.04 billion, a P/E ratio of 24.97, a price-to-earnings-growth ratio of 2.34 and a beta of 1.09. 3M has a one year low of $121.98 and a one year high of $174.69. The company has a fifty day moving average price of $165.87 and a 200-day moving average price of $159.65. The company has a debt-to-equity ratio of 2.54, a current ratio of 1.84 and a quick ratio of 1.40.

3M (NYSE:MMM – Get Free Report) last issued its quarterly earnings data on Tuesday, January 20th. The conglomerate reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.03. 3M had a return on equity of 98.47% and a net margin of 13.70%.The company had revenue of $6 billion for the quarter, compared to the consensus estimate of $6.03 billion. During the same quarter last year, the business posted $1.68 earnings per share. The firm’s revenue was up 1.5% compared to the same quarter last year. 3M has set its FY 2026 guidance at 8.50-8.700 EPS. Equities research analysts expect that 3M will post 7.8 earnings per share for the current fiscal year.

Insider Buying and Selling at 3M

In other 3M news, EVP Mark W. Murphy sold 19,061 shares of the company’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $166.55, for a total transaction of $3,174,609.55. Following the completion of the sale, the executive vice president directly owned 6,594 shares in the company, valued at $1,098,230.70. This represents a 74.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Zoe L. Dickson sold 13,826 shares of the firm’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $169.78, for a total value of $2,347,378.28. Following the transaction, the executive vice president directly owned 6,162 shares in the company, valued at $1,046,184.36. This trade represents a 69.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 46,516 shares of company stock worth $7,836,465. 0.48% of the stock is owned by insiders.

Institutional Investors Weigh In On 3M

Several institutional investors have recently bought and sold shares of the stock. Independence Bank of Kentucky increased its stake in 3M by 1.7% in the 4th quarter. Independence Bank of Kentucky now owns 8,894 shares of the conglomerate’s stock worth $1,424,000 after purchasing an additional 149 shares during the period. Hanson & Doremus Investment Management grew its holdings in shares of 3M by 46.1% in the fourth quarter. Hanson & Doremus Investment Management now owns 2,217 shares of the conglomerate’s stock worth $355,000 after purchasing an additional 700 shares during the last quarter. Burns Matteson Capital Management LLC grew its holdings in shares of 3M by 75.5% in the fourth quarter. Burns Matteson Capital Management LLC now owns 3,657 shares of the conglomerate’s stock worth $585,000 after purchasing an additional 1,573 shares during the last quarter. Ferguson Wellman Capital Management Inc. increased its stake in shares of 3M by 0.8% in the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 10,711 shares of the conglomerate’s stock worth $1,715,000 after buying an additional 90 shares during the period. Finally, First Bank & Trust bought a new stake in 3M during the 4th quarter valued at $828,000. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about 3M

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

Positive Sentiment: Adjusted EPS beat and margins improved — 3M reported adjusted EPS of $1.83 (vs. $1.80 consensus) and showed a sizable improvement in adjusted operating margin and strong operating cash flow/free cash flow. 3M Reports Fourth-Quarter and Full-Year 2025 Results
Positive Sentiment: Capital returns and buybacks are intact — management generated ~ $1.3B free cash flow in Q4 and repurchased shares, supporting dividends and continued buybacks that reduce share count and underpin long‑term value. 3M Company page / MarketBeat
Positive Sentiment: CEO credibility noted by commentators — some market voices (e.g., Jim Cramer coverage) welcomed CEO Bill Brown’s execution on turnaround steps, which may support investor confidence over time. Jim Cramer on 3M’s CEO
Neutral Sentiment: Guidance is mixed — 2026 guidance calls for EPS of $8.50–$8.70 (midpoint ~ $8.60) and revenue around $25.3B; revenue guidance modestly exceeded consensus while EPS guidance sits essentially in line, producing no clear catalyst. 3M (MMM) Reports Q4 Earnings: What Key Metrics Have to Say
Neutral Sentiment: Top-line growth uneven by segment and region — Industrial showed strength while Transportation and Consumer lagged; organic growth returned but is modest, implying selective exposure to cyclical recovery. 3M Q4 earnings recap
Negative Sentiment: Market reaction: investors sold into the report — despite the EPS beat, the revenue miss and a conservative/uneventful outlook prompted a sizable intraday decline as traders sought clearer upside. 3M tops Q4 estimates but 2026 outlook sends shares lower
Negative Sentiment: Perception of underwhelming profit guidance — several outlets highlight that management’s profit roadmap didn’t excite the market, convincing some investors to trim exposure until clearer acceleration appears. 3M Earnings Beat Wall Street Expectations. The Stock Drops Anyway.

3M Company Profile

(Get Free Report)

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.