3M stock gains 1.18 percent as Bernstein upgrades its rating

Published on 09/26/2026 at 12:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

3M stock drew a Bernstein upgrade from Underperform to Market Perform on September 25, 2026. Q2 adjusted EPS reached USD 2.40, while fiscal 2026 guidance stands at USD 8.80-8.95.

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3M stock (ISIN US88579Y1010) closed at USD 169.50 on the NYSE on September 25, 2026, up 1.18 percent from USD 167.52. The move followed two analyst actions that shifted attention back to the company's execution and valuation.

Bernstein changes its rating

Fintel reports that Bernstein upgraded 3M from Underperform to Market Perform on September 25, 2026. The same report lists Wells Fargo's Equal Weight initiation on that date and identifies October 19, 2026, as the scheduled date for the next earnings report.

Wells Fargo set a USD 195.00 price target when it initiated coverage, according to Investing.com on September 25, 2026. That target is 15.04 percent above the September 25 close, giving the rating a concrete valuation anchor.

Q2 figures support the case

For Q2 2026, ended June 30, 2026, 3M reported adjusted sales of USD 6.5 billion, adjusted EPS of USD 2.40 and adjusted free cash flow of USD 1.3 billion. The company also lists fiscal 2026 adjusted EPS guidance of USD 8.80-8.95 on its investor-relations page.

The quarter delivered a measurable earnings comparison: adjusted EPS of USD 2.40 exceeded the USD 2.24 consensus cited by Investing.com. The company reported Q2 GAAP diluted EPS of USD 1.78, up 33 percent year over year, in its July 21, 2026, results release.

Stock stays below its yearly high

3M stock closed at USD 169.50 on the NYSE on September 25, 2026, with a 52-week range of USD 139.34 to USD 184.90. The closing price stood 8.33 percent below the yearly high and 21.64 percent above the yearly low, while market capitalization was USD 87.41 billion.