$MMM

3M (MMM) will contest Australia's A$2B ($1.38B) lawsuit over PFAS contamination from its firefighting foam, arguing the legal claim is unsustainable under Australian law. The case centers on public nuisance allegations related to environmental damage.

The CPSC announced multiple product recalls and safety warnings. 3M (MMM) recalled 53,634 thermal laminators due to fire hazards, while HatsanUSA recalled 16,170 air rifles over projectile risks. Other recalls include crystal cups, bedside sleepers, and coin purses. CPSC also warned against using pressure cookers (Tristar), high chairs (bblüv), dressers (Henan Senka), and air fryers (Kalorik) due to safety hazards.

3M Co. (NYSE:MMM) shares may move 4.6% when it reports earnings on October 20, according to options data. Historically, the stock's price has moved more than the implied move in four of the past eight earnings announcements.

JPMorgan reduced its price target for 3M (MMM) from $205 to $185. Separately, Deutsche Bank adjusted its target to $194 from $192, maintaining a Hold rating. 3M's stock is currently at $163.58, up 0.34% year-to-date.

3M Company (MMM) has faced challenges, including legal liabilities and a dividend cut, but shows signs of recovery. Its Safety and Industrial business grew 8.2% in Q2, with sales of $6.5B and adjusted EPS up 11% to $2.40. Management raised its 2026 EPS forecast to $8.80-$8.95. The stock trades at 17x forward P/E, with a 1.9% dividend yield. Investors focus on earnings growth and valuation.

Bernstein upgraded 3M (MMM) from Underperform to Market Perform, raising its price target to $171. Analyst Varun Govindaraj cited improved R&D strategy, AI-driven recovery, and lower PFAS legal risk. However, Bernstein sees limited upside due to recent stock gains and ongoing legal uncertainties. 3M's forward P/E is 21.92x, and its debt stands at $13.16 billion.

Analysts showed selective bullishness on Sept 25, 2026, with positive calls in tech, healthcare, and industrials. 3M (MMM) was upgraded to Market Perform with a $171 target. ACADIA (ACAD) saw multiple target cuts. Akamai (AKAM) received several target raises. Apple (AAPL) kept Outperform. Chevron (CVX) target raised to $250. Costco (COST) had mixed ratings.

Analysts cover five stocks: Genius Sports (GENI) with a $8 target, CF Industries (CF) with a $162 target, 3M (MMM) upgraded to Hold with a $171 target, Nike (NKE) downgraded to Sell with a $30 target, and Synopsys (SNPS) upgraded to Buy with a $700 target. Analysts cite growth, valuation, and market conditions as key factors.

3M (NYSE:MMM) CEO William Brown reported that the company's operational turnaround is ahead of schedule, with improved margins, delivery performance, and new product launches. However, ongoing PFAS litigation, including a recent class action and a lawsuit by the Australian government, presents continued legal risks. 3M expects 20% of sales from new products by 2027 and is tracking above a 25% operating margin by that year.

A federal judge allowed a lawsuit against 3M (MMM) and others to proceed, alleging harm from PFAS chemicals in firefighter gear. 3M's dividend yield is 1.87% with a 35% payout ratio, but growth has declined 21.2% over three years. The company's GF Score is 52/100, indicating moderate financial health. Insiders have sold $24.5M in shares, while gurus show mixed activity.