3M delivered its fifth consecutive earnings beat and raised full-year guidance, prompting 24/7 Wall St. to issue a buy rating with a 12-month price target of $186.85, implying roughly 6.7% upside from the current price of $175.14. CEO William Brown lifted adjusted EPS guidance to $9.50 from a prior range of $8.80 to $8.95, while adjusted free cash flow is now seen at $8.50 to $8.70. The bull case is supported by expanding margins, a Microsoft partnership on AI data center optics, and an Airbus A220 insulation deal, though PFAS litigation, tariff uncertainty, and a declining Consumer segment remain key risks. 3M trades at about 20 times forward earnings, a discount to Illinois Tool Works at 24 times, while peer Honeywell carries spin-off execution risk.
3M CompanyEarnings beat, raised guidance, and analyst price target upgrade.
Microsoft Corporation
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Airbus Group SE
Honeywell International Inc
Illinois Tool Works Inc