These Analysts Revise Their Forecasts On 3M After Q4 Earnings - 3M (NYSE:MMM)

Core Viewpoint - 3M Company reported better-than-expected fourth-quarter 2025 earnings, with adjusted sales and earnings per share exceeding consensus estimates [1][2]. Financial Performance - Fourth-quarter 2025 adjusted sales were $6.023 billion, slightly above the consensus estimate of $6.012 billion, representing a year-on-year increase of 3.7% [1]. - Adjusted organic sales increased by 2.2% year-on-year [1]. - Adjusted earnings per share rose by 9% year-on-year to $1.83, surpassing the Street estimate of $1.80 [1]. 2026 Outlook - 3M expects adjusted EPS for 2026 to be in the range of $8.50 to $8.70, compared to the consensus of $8.61 [2]. - The company anticipates adjusted sales of approximately $25.250 billion, exceeding the street view of $25.040 billion [2]. - Expected adjusted sales organic growth is around 3%, with an adjusted operating profit margin projected between 24.1% and 24.2% [2]. Management Commentary - William Brown, 3M Chairman and CEO, emphasized the company's innovation and commercial execution as key factors for outperforming the macro environment in 2026 [2]. - The company aims for further margin expansion and earnings growth, aligning with its 2027 financial commitments outlined at the previous Investor Day [2]. Stock Performance - Following the earnings announcement, 3M shares increased by 1.4%, trading at $158.28 [2]. Analyst Ratings and Price Targets - Morgan Stanley maintained an Equal-Weight rating on 3M, raising the price target from $160 to $165 [4]. - Wells Fargo maintained an Overweight rating, lowering the price target from $183 to $175 [4]. - RBC Capital maintained an Underperform rating, raising the price target from $131 to $136 [4].