Story · Microsoft
3M Beats Earnings Expectations Again; Analyst Sets New Price Target at $187
3M (MMM) reported a strong Q2 2026, beating adjusted EPS estimates at $2.40 and revenue expectations by 6.83%. CEO William Brown raised full-year guidance, marking the company's fifth consecutive EPS beat. 24/7 Wall St. set a new 12-month price target of $186.85, recommending a Buy rating. Key growth drivers include the Microsoft partnership on AI data center optics and an Airbus A220 insulation deal. However, risks remain from PFAS litigation, tariff uncertainty, and a declining Consumer segment. The stock trades at a discount to peer Illinois Tool Works, while Honeywell faces spin-off execution risk. UBS raised its price target to $218.
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