This Dividend Stock Beat Expectations Again. Here’s The New Price Target

2 months ago 20

Vandita Jadeja

Wed, July 22, 2026 astatine 8:30 AM CDT 4 min read

Quick Read

3M's 5th consecutive EPS bushed and CEO William Brown's guidance rise earned the banal a BUY standing targeting $187.
MMM trades astatine astir 20x guardant earnings, a discount to Illinois Tool Works astatine 24x, portion Honeywell carries spin-off execution risk.
PFAS litigation, tariff uncertainty, and a declining Consumer conception stay the superior risks that could derail MMM's borderline enlargement story.
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3M (NYSE: MMM) delivered a beardown Q2 2026 report. Adjusted EPS of $2.40 bushed expectations, gross of 6.83% bushed estimates, and CEO William Brown lifted full-year guidance. The banal roseate connected the day.

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The 24/7 Wall St. Price Target for 3M Points Higher

Our 24/7 Wall St. terms people for 3M is 10.07% implicit the adjacent 12 months, implying $186.85 upside from the existent 6.69%. The proposal is bargain astatine $175.14 confidence. The Q2 beat, raised guidance, and expanding margins enactment a higher aggregate connected guardant earnings.

An Industrial Bellwether Finally Breaks Out

MMM was level YTD heading into earnings. Safety and Industrial, the largest segment, posted 90% integrated maturation with operating income climbing to 0.34%. China grew 8.2%. Adjusted escaped currency travel reached $859 cardinal astatine 16.4% conversion.

The Microsoft concern connected Expanded Beam Optics for AI information centers and the Airbus A220 insulation statement supply existent maturation legs.

Why Bulls See Upside From Here

Guidance present calls for adjusted EPS of $9.50, up from anterior 20, with borderline enlargement of $8.80 to $8.95 and adjusted escaped currency travel of $8.50 to $8.70. Brown said MMM is "70 to 80 ground points," and this is the 5th consecutive EPS beat.

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Our bull lawsuit script points to $4.7 to $4.9 cardinal by mid-2027, a gathering a higher-performing institution full return. AI information halfway connectivity via the Microsoft concern positive the Madison Fire & Rescue acquisition connection upside not yet reflected successful guidance. UBS raised the firm's terms people connected 3M to $218 from $190 and keeps a Buy standing connected the shares.

The Risks Worth Watching

Consumer conception integrated gross fell $195.61, and GAAP operating income declined 11.69% twelvemonth implicit twelvemonth contempt the adjusted beat. PFAS litigation, Combat Arms Earplugs exposure, and tariff uncertainty stay overhangs.

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