3M stock trades at EUR 149.23 as Bernstein lifts target

Published on 09/29/2026 at 12:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

3M stock was at EUR 149.23 at Lang & Schwarz on September 29, 2026, plus 0.12 percent versus EUR 149.05. Q2 adjusted sales reached USD 6.5 billion.

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3M stock (ISIN US88579Y1010) was trading at EUR 149.23 at Lang & Schwarz on September 29, 2026, plus 0.12 percent versus the prior close of EUR 149.05. The latest analyst revision put the industrial conglomerate's valuation under a sharper test. Aktiencheck reported that Bernstein raised its target from USD 145.00 to USD 171.00 on September 25, 2026, and upgraded 3M from Underperform to Market Perform.

Bernstein lifts target to USD 171.00

The USD 26.00 increase represents a 17.93 percent revision from the previous target. Bernstein's new target stood only 1.21 percent above the USD 169.55 closing price cited in the September 25 analysis, leaving the rating at Market Perform rather than a more bullish classification.

The research case centers on 3M's research and development reorganization, including a portfolio approach to product development. Bernstein raised its long-term organic growth assumption from 3.00 percent to a range of 3.50 percent to 4.00 percent, while describing 25.00 percent operating margin as achievable.

Q2 sales reached USD 6.5 billion

3M's investor-relations page lists Q2 2026, ended June 30, 2026, with adjusted sales of USD 6.5 billion, adjusted EPS of USD 2.40 and adjusted free cash flow of USD 1.3 billion. The figures are non-GAAP measures identified by 3M in its investor materials.

MarketBeat reported that Q2 EPS of USD 2.40 exceeded consensus of USD 2.25 by USD 0.15, while revenue of USD 6.50 billion exceeded the USD 6.40 billion estimate by USD 0.10 billion. Fiscal 2026 adjusted EPS guidance was listed at USD 8.80 to USD 8.95.

Stock remains below its yearly high

As of September 28, 2026, 3M had a market capitalization of USD 87.4 billion and a 52-week range of USD 139.34 to USD 184.90. The range places the Lang & Schwarz price in euros against a separate NYSE valuation context, so the currencies should not be combined.

Gekko lists October 20, 2026, as the next expected 3M earnings date. The scheduled report will test whether the improved innovation narrative is translating into the growth and margin assumptions behind Bernstein's revised target.

3M stock trades at EUR 149.23

3M stock was trading at EUR 149.23 at Lang & Schwarz on September 29, 2026, at 12:40 p.m. CEST, plus 0.12 percent versus the prior close of EUR 149.05. 3M is listed on the NYSE under ticker MMM, as identified by Investing.com.