---
title: "Weekly Recap | 3M -2.58%, trailing the S&P 500 by 3pts"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/297389374.md"
description: "3M fell 2.58% for the week to close at $174.34. That trailed the S&P 500, which rose 0.49%, meaning the stock underperformed by about 3.07 percentage points. The week started steady, with 3M trading between $178 and $180 through Wednesday (Aug 26). Selling picked up on Thursday (Aug 27) with a drop to $178.83, and Friday (Aug 28) saw the heaviest pressure: the stock slid as low as $173.57 before settling at $174.34."
datetime: "2026-08-29T06:00:43.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/297389374.md)
  - [en](https://longbridge.com/en/news/297389374.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/297389374.md)
generator: "portal-rs"
---

# Weekly Recap | 3M -2.58%, trailing the S&P 500 by 3pts

## The Week

3M fell 2.58% for the week to close at $174.34. That trailed the S&P 500, which rose 0.49%, meaning the stock underperformed by about 3.07 percentage points. The week started steady, with 3M trading between $178 and $180 through Wednesday (Aug 26). Selling picked up on Thursday (Aug 27) with a drop to $178.83, and Friday (Aug 28) saw the heaviest pressure: the stock slid as low as $173.57 before settling at $174.34. There was no major company-specific trigger during the week; the move was largely part of a broader pullback that hit this name harder than the market.

## Analyst Ratings

Across 18 brokers covering the stock, 8 rate it buy, 1 overweight, 6 hold, and 3 underweight; none rate it sell. The consensus recommendation is buy, with a consensus target of $185.57, sitting about 6.44% above the current price. Individual targets range from $120.00 to $219.00, a fairly wide spread that reflects divided views. Within the industrial conglomerates group of 10 stocks, 3M ranks second on analyst ratings.

## The Week Ahead

Monday (Aug 31) brings the Dallas Fed manufacturing business activity index, previously at 1.3. Tuesday (Sep 1) is the densest session: the S&P Global manufacturing PMI final, ISM manufacturing PMI, and JOLTS job openings. ISM manufacturing PMI was 55.6 previously, with a consensus estimate of 55.2. Wednesday (Sep 2) adds ADP private employment, factory orders, and EIA weekly crude inventories. For an industrial conglomerate like 3M, the manufacturing and labour-market prints may shape near-term expectations for the name.

*This article is generated by LongbridgeAI from market data, for information only and not investment advice.*

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- [MMM.US](https://longbridge.com/en/quote/MMM.US.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**