3M Analysts Boost Their Forecasts After Upbeat Q3 Earnings

Core Insights - 3M Company reported better-than-expected third-quarter 2025 results, with GAAP sales of $6.5 billion, reflecting a 3.5% year-over-year increase [1] - Adjusted earnings per share rose 10% year-over-year to $2.19, surpassing the Street estimate of $2.07 [1] - The company raised its full-year guidance for adjusted EPS to $7.95-$8.05, up from the previous range of $7.75-$8.00 [2] Financial Performance - GAAP sales reached $6.5 billion, a 3.5% increase year-over-year [1] - Adjusted sales were $6.3 billion, indicating a 3.2% year-over-year organic growth, slightly above the consensus estimate of $6.255 billion [1] - Adjusted operating profit guidance was raised to 180 to 200 basis points from the previous 150 to 200 basis points [2] Market Reaction - Following the earnings announcement, 3M shares gained 0.7%, trading at $167.86 [2] - Analysts adjusted their price targets for 3M, with Wells Fargo raising it from $176 to $183 while maintaining an Overweight rating [5] - RBC Capital raised its price target from $120 to $130 but maintained an Underperform rating [5]