The Minnesota Chamber of Commerce issued letter on behalf of more than 60 CEOs of Minnesota-based companies, including 3M (MMM), Ameriprise (AMP), APi Group (APG), Best Buy (BBY), C.H. Robinson (CHRW), Donaldson (DCI), Ecolab (ECL), General Mills (GIS), Medtronic (MDT), Pentair (PNR), Target (TGT) and UnitedHealth (UNH). The letter states in part: "With yesterday's tragic news, we are calling for an immediate deescalation of tensions and for state, local and federal officials to work together to find real solutions. We have been working for generations to build a strong and vibrant state here in Minnesota and will do so in the months and years ahead with equal and even greater commitment. In this difficult moment for our community, we call for peace and focused cooperation among local, state and federal leaders to achieve a swift and durable solution that enables families, businesses, our employees, and communities across Minnesota to resume our work to build a bright and prosperous future."
Wall Street analysts forecast MMM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for MMM is 152.00 USD with a low forecast of 100.00 USD and a high forecast of 184.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
Wall Street analysts forecast MMM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for MMM is 152.00 USD with a low forecast of 100.00 USD and a high forecast of 184.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Buy
3 Hold
2 Sell
Moderate Buy
Current: 159.520
Low
100.00
Averages
152.00
High
184.00
Current: 159.520
Low
100.00
Averages
152.00
High
184.00
Citi
Andrew Kaplowitz
Neutral
downgrade
$181 -> $175
2026-01-21
Reason
Citi
Andrew Kaplowitz
Price Target
$181 -> $175
AI Analysis
2026-01-21
downgrade
Neutral
Reason
Citi analyst Andrew Kaplowitz lowered the firm's price target on 3M to $175 from $181 and keeps a Neutral rating on the shares following the Q4 report. The firm sees "mixed demand trends" across the company's end markets limited its sales growth in the near term.
Deutsche Bank
Hold
maintain
$179 -> $181
2026-01-21
Reason
Deutsche Bank
Price Target
$179 -> $181
2026-01-21
maintain
Hold
Reason
Deutsche Bank raised the firm's price target on 3M to $181 from $179 and keeps a Hold rating on the shares.
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RBC Capital
Deane Dray
Underperform
maintain
$131 -> $136
2026-01-21
Reason
RBC Capital
Deane Dray
Price Target
$131 -> $136
2026-01-21
maintain
Underperform
Reason
RBC Capital analyst Deane Dray raised the firm's price target on 3M to $136 from $131 and keeps an Underperform rating on the shares. The 7% selling pressure in 3M's modest Q4 operating miss and mostly as-expected 2026 guide was largely centered in the implications of the consumer-related weakness, the analyst tells investors in a research note. RBC further notes the growing worries around consumer electronics from DRAM shortages that offset the positives of 3M's array of self-help and productivity initiatives that drove margin strength and are keeping the company on track to hit analyst day targets.
Wells Fargo
Joseph O'Dea
Overweight
maintain
$183 -> $175
2026-01-21
Reason
Wells Fargo
Joseph O'Dea
Price Target
$183 -> $175
2026-01-21
maintain
Overweight
Reason
Wells Fargo analyst Joseph O'Dea lowered the firm's price target on 3M to $175 from $183 and keeps an Overweight rating on the shares. The firm highlights the stock's "harsh reaction" for in-line Q4 operating profit vs its estimate and 2026 EPS guide bracketing consensus. Three things stand out to Wells, namely big consumer miss; implied second half of the year demand pick up based on tougher comparisons; and price less than tariffs.
About MMM
3M Company is a diversified technology company. The Company is a manufacturer and marketer of a variety of products and services. The Company’s segments include Safety and Industrial; Transportation and Electronics, and Consumer. Its Safety and Industrial segment includes industrial abrasives and finishing for metalworking applications; autobody repair solutions; industrial specialty products, such as personal hygiene products, masking, and packaging materials, and others. Its Transportation and Electronics segment includes advanced ceramic solutions; attachment/bonding, films, sound and temperature management for transportation vehicles; premium large format graphic films for advertising and fleet signage. Its Consumer segment includes cleaning products for the home; consumer air quality products, and picture hanging accessories. Its brands include 3M Cubitron II abrasives, Scotch-Brite, Filtrete, Command, Scotchgard, Meguiar’s, Nexcare, Post-it and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
