Jefferies cuts target for 3M stock from USD 187.00 to USD 186.00

Published on 10/26/2026 at 16:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adjusted EPS reached USD 2.50 in Q3 2026. 3M stock costs EUR 154.83 on October 26, 2026 at 3:59 p.m. CEST, down 0.21 percent versus the Xetra close.

Analyst target and earnings

Jefferies cut its target from USD 187.00 to USD 186.00 on October 21, 2026.
Adjusted earnings per share reached USD 2.50 in the third quarter of 2026.
3M stock costs EUR 154.83 at Lang & Schwarz on October 26, 2026 at 3:59 p.m. CEST, 0.21 percent below the Xetra close of October 23, 2026 and 4.25 percent below its 52-week high.
The next reported earnings date is January 18, 2027.

3M Company, US88579Y1010, Illustration mit AI erstellt.

Jefferies cut its 3M price target from USD 187.00 to USD 186.00 on October 21, 2026, while keeping a Hold rating, according to Investing.com. Against the USD 171.37 stock price cited in that report, the new target stood 8.54 percent above the price. At Lang & Schwarz, 3M traded at EUR 154.83 on October 26, 2026 at 3:59 p.m. CEST, down 0.21 percent versus the Xetra close of October 23, 2026 at EUR 155.15.

What does the target change mean?

The Jefferies move was a modest USD 1.00 reduction, leaving the analyst view below several newer targets listed in the same market coverage. The firm pointed to mixed demand, while the company entered the discussion after reporting third-quarter results and raising its full-year earnings outlook.

3M reported adjusted earnings per share of USD 2.50 for the third quarter ended September 30, 2026, up 12.00 percent from the year-earlier period. Adjusted sales reached USD 6.60 billion, while adjusted free cash flow was USD 1.20 billion, according to 3M Company.

Stock position near the yearly high

The euro quotation sits 4.25 percent below its 52-week high of EUR 161.70 and above the 52-week low of EUR 120.56, based on the October 26, 2026 quotation. On the NYSE, the stock price cited by Jefferies was USD 171.37 on October 21, 2026, while the report gave 3M a market capitalization of USD 88.40 billion and a price-to-earnings ratio of 30.16.

Valuation and upcoming dates

Jefferies maintained its Hold rating as it lowered the target, leaving the note focused on demand quality and margin progress rather than a change in the company outlook. 3M is scheduled to report its next earnings on January 18, 2027, according to InvestBamboo.

Stock view for investors

The current picture combines a higher earnings outlook with a mixed analyst response. For investors, the key numerical tension is between USD 9.10 to USD 9.15 in adjusted full-year earnings guidance and Jefferies' reduced USD 186.00 target.

Price and earnings in context

3M's third-quarter adjusted earnings per share of USD 2.50 provide the operating counterpoint to the target revision. The stock remains below its euro 52-week high, but the distance is 4.25 percent rather than a test of the yearly peak.

Where the stock stands

At Lang & Schwarz, 3M stock was trading at EUR 154.83 on October 26, 2026 at 3:59 p.m. CEST, 0.21 percent below the Xetra close of October 23, 2026 at EUR 155.15. The further course of trading is shown by the continuously updated real-time quote of 3M stock.