3M Company lands Airbus supply deal, shares backed by Goldman Sachs Buy call

By Christina Vogel, Background & Management desk. Reviewed prior to publication on 2026-06-28, 11:58.

3M Company (US88579Y1010) expands its role in aerospace with a new agreement for the Airbus A220 while its New York-listed shares remain under close watch from Wall Street. Goldman Sachs now covers the S&P 500 constituent again with a Buy rating and a $190 price target, according to a recent analyst note.

Airbus A220 deal strengthens aerospace footprint

On June 23, 2026, 3M Company and Airbus signed a long-term supply agreement focused on the Airbus A220 program, adding fresh volume to 3M’s transportation and electronics franchise. A detailed Yahoo Finance article citing company information reports that 3M will provide thermal and acoustic insulation solutions for the aircraft cabin under this contract.

According to that report, 3M’s thermal materials are designed to improve the A220’s operational performance, while the acoustic insulation will be used throughout the cabin to absorb and reduce engine and airframe noise. The analysis by InsiderMonkey, which also references the deal, highlights the focus on noise reduction and comfort in the Airbus narrowbody platform.

Goldman Sachs frames 3M as self-help story

Wall Street’s view on the group has shifted in mid-June, when Goldman Sachs reinstated coverage of 3M on June 15 with a Buy rating and a $190 price target, implying roughly 20 percent upside from recent trading levels around 164 dollars on the NYSE. The Goldman view is summarized in the same Yahoo Finance report, which describes 3M as an “intriguing self-help story”.

Goldman Sachs points to improving organic growth, potential upside from the resolution of liabilities and what it considers an inexpensive valuation versus the broader multi-industry peer group. MarketBeat’s June consensus compilation shows 14 analysts covering 3M with an overall Hold recommendation and a consensus price target around 164 dollars, underscoring how the U.S. bank’s more optimistic stance sits slightly above the broader market view.

How 3M earns its money

3M’s portfolio spans safety and industrial products, transportation and electronics solutions, health care and consumer items, with more than 60,000 products worldwide according to company information. A tangible example on the consumer side is the Post-it Notes range, a long-established brand in office and home organization.

Where the stock trades today

The 3M Company shares (US88579Y1010) last closed on the NYSE at 164.00 US dollars on 2026-06-26 at 21:59 CET, with a market capitalization of roughly 90.5 billion dollars at that price level based on MarketBeat data.

This text is for informational purposes only and does not constitute investment advice or a solicitation to buy or sell any securities.