On September 25, 2026, Wells Fargo initiated coverage of 3M (NYSE:MMM) with an “Equal-Weight” recommendation. The stock closed at $169.50 on the day of the initiation, up from $167.52 the previous day. Before this, Wells Fargo had maintained an “Overweight” rating as of April 22, 2026.
3M, headquartered in the United States, operates globally in sectors including industry, worker safety, healthcare, and consumer goods. The company recently entered a $4.25 billion revolving credit facility with JPMorgan Chase Bank on August 17, 2026. In its July 21, 2026 earnings report, 3M reported earnings per share of $2.40, surpassing estimates of $2.2677, with actual revenue of $6.5 billion.
As of September 15, 2026, the stock had a consensus target mean of $185.73, indicating a +9.57% potential change from the previous target mean of $184.13. Analyst recommendations total 24, divided into 4 strong buy, 9 buy, 9 hold, 1 sell, and 1 strong sell.
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