3M stock: RBC raises its target to USD 135 for 3M stock

Published on 10/21/2026 at 15:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sales reached USD 6.60 billion in third-quarter 2026. 3M stock costs EUR 150.88 on October 21, 2026, down 0.47 percent versus Xetra close.

RBC target and valuation

RBC Capital raised its 3M target to USD 135 on October 21, 2026.
Adjusted sales reached USD 6.60 billion in third-quarter 2026.
3M stock costs EUR 150.88 at Lang & Schwarz, 0.47 percent below the Xetra close.
3M traded at a P/E ratio of 25.15 with a USD 87.2 billion market capitalization.

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3M Company (ISIN US88579Y1010) saw RBC Capital maintain an Underperform rating and raise its price target to USD 135 on October 21, 2026, according to Benzinga. On the NYSE, 3M was trading at USD 169.12 on October 21, 2026 at 9:41 a.m. ET, placing the target 20.18 percent below the stock price. At Lang & Schwarz, 3M was trading at EUR 150.88 on October 21, 2026 at 3:34 p.m. CEST, 0.47 percent below the Xetra close of October 20, 2026 at EUR 151.60.

Third-quarter sales reach USD 6.60 billion

For the third quarter ended September 30, 2026, 3M reported adjusted sales of USD 6.60 billion and adjusted free cash flow of USD 1.20 billion, according to the 3M Company investor-relations page. The figures give the target revision a financial backdrop, but the sales figure remains distinct from the analyst action announced on October 21, 2026.

Price position and peers

The NYSE price stood 8.54 percent below the USD 184.90 52-week high and 21.37 percent above the USD 139.34 low on October 21, 2026. Trading volume was 271,951 shares, while the USD 87.2 billion market capitalization placed 3M at a P/E ratio of 25.15.

Valuation and comparison

3M's dividend yield was 2.00 percent on October 21, 2026. The valuation comparison adds perspective to the target: Honeywell traded at a P/E ratio of 8.27, while Dover traded at 23.84 on the same date.

Comparison with peers

3M Company (NYSE, USD): down 0.47 percent, P/E 25.15, market capitalization USD 87.2 billion

Honeywell International (NYSE, USD): down 0.16 percent, P/E 8.27, market capitalization USD 67.5 billion

Dover (NYSE, USD): up 0.08 percent, P/E 23.84, market capitalization USD 26.6 billion

What does the target mean for 3M?

RBC Capital's USD 135 target is USD 34.12 below the NYSE price of USD 169.12, a 20.18 percent gap calculated on October 21, 2026. The distance leaves the analyst view below the latest market quotation while the company reports adjusted sales and cash flow for the third quarter.

At Lang & Schwarz, 3M was trading at EUR 150.88 on October 21, 2026 at 3:34 p.m. CEST, 0.47 percent below the Xetra close of October 20, 2026 at EUR 151.60. The further course of trading is shown by the continuously updated real-time quote of 3M stock.