3M (NYSE: MMM) Stock Analysis: Wolfe Research Raises Price Target Amid Strong Performance

Font: Financial Modeling Prep  • Jul 09, 2026

• Wolfe Research reaffirmed its Outperform rating for 3M, raising its price target to $189.00 from $182.00.
• The company's Safety and Industrial segment demonstrated strong performance with a 3.2% year-over-year increase in adjusted organic sales and improved operating margin.
• 3M projects approximately 3% organic sales growth and an earnings per share (EPS) range of $8.50 to $8.70 for the full year 2026.

3M (NYSE: MMM) is a large, diversified technology company known for its innovation. It operates across several business segments, producing thousands of products. These range from industrial adhesives and personal safety equipment to consumer goods like Post-it Notes and Scotch tape. The company is a major player in the global industrial sector.

On July 9, 2026, Wolfe Research confirmed its positive view on 3M with an Outperform rating. The firm also raised its price target to $189.00 from $182.00. A price target is an analyst's projection of a stock's future price. At the time of the rating, the stock was trading at $156.26.

This confidence in 3M's investment outlook is supported by strong performance in key areas. As highlighted by Zacks Investment Research, 3M's Safety and Industrial segment saw a 3.2% year-over-year increase in adjusted organic sales in the first quarter of 2026. This growth comes from higher demand for personal safety items and industrial products.

The segment's profitability is also improving. Its adjusted operating margin, which measures profit from core operations, grew by 100 basis points due to higher sales volumes and better productivity. The company has an upcoming investor event on July 21, 2026, to discuss its second-quarter results.

Looking ahead, 3M projects about 3% organic sales growth for the full year of 2026. The company also expects its earnings per share (EPS), or profit per share of stock, to be in the range of $8.50 to $8.70. This outlook provides a basis for the positive analyst rating and reinforces 3M's financial performance.