--- title: "Weekly Recap | 3M -2.13%, most brokers rate it buy" type: "News" locale: "en" url: "https://longbridge.com/en/news/298792954.md" description: "3M fell 2.13% this week to close at $164.97, underperforming the S&P 500, which slipped 0.8%, by about 1.33 percentage points. The stock traded lower across the four-session week. It opened Tuesday (Sep 8) at $168.17 and touched a weekly high of $168.56 before pulling back. Wednesday (Sep 9) saw a decline to $164.40, and Thursday (Sep 10) marked the low of the week at $161.295. A modest bounce on Friday (Sep 11) left the stock at $164.97. Weekly amplitude was 4." datetime: "2026-09-12T06:19:17.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/298792954.md) - [en](https://longbridge.com/en/news/298792954.md) - [zh-HK](https://longbridge.com/zh-HK/news/298792954.md) generator: "portal-rs" --- # Weekly Recap | 3M -2.13%, most brokers rate it buy ## The Week 3M fell 2.13% this week to close at $164.97, underperforming the S&P 500, which slipped 0.8%, by about 1.33 percentage points. The stock traded lower across the four-session week. It opened Tuesday (Sep 8) at $168.17 and touched a weekly high of $168.56 before pulling back. Wednesday (Sep 9) saw a decline to $164.40, and Thursday (Sep 10) marked the low of the week at $161.295. A modest bounce on Friday (Sep 11) left the stock at $164.97. Weekly amplitude was 4.32%, with daily volume averaging about 2.92m shares, slightly above the 60-day median. ## Key Events The main company-specific move came on Sep 11, when 3M priced a €1.5 billion multi-tranche bond offering, part of regular funding activity. The same day, a CERT filing from 3M appeared in the disclosure feed. On the industry side, MarketsandMarkets published a report on Sep 9 projecting the automotive adhesives market to reach $12.36 billion by 2031, a segment where 3M as a diversified industrial group has exposure. Separately, SkillsUSA announced it will send a U.S. team to Shanghai for the WorldSkills Competition on Sep 22-27, with 3M linked to industrial manufacturing coverage in the week. Overall, the week carried no company earnings or major product launches, leaving industry trends and financing as the dominant themes. ## Analyst Ratings A total of 18 brokers cover 3M. Among them, 8 rate it a buy, 1 an outperform, 6 a hold, and 3 an underperform; none rate it a sell. The consensus recommendation is buy, with a consensus target price of $185.57, about 12.49% above the current price of $164.97. The target range is wide, from $120 at the low end to $219 at the high end, reflecting significant disagreement among analysts on valuation. Within the industrial conglomerates sector, 3M ranks 2nd out of 8 covered names, placing its coverage near the top of the industry. ## The Week Ahead The macro calendar is crowded next week. On Tuesday Sep 15, the New York Fed manufacturing index is due, with a prior reading of 20.6 and a forecast of 14.75. Wednesday Sep 16 brings a batch of US retail sales figures, import prices, the NAHB housing market index, and EIA crude oil inventories. Retail sales are the highlight: retail sales ex-autos printed -0.3 previously with a forecast of 0.6, while the headline retail sales number was -0.6 prior with a forecast of 0.9, signalling expectations for improved consumption. For a diversified industrial and consumer-facing name like 3M, retail and manufacturing prints will matter for demand signals. ## In Short 3M drifted lower this week and lagged the broader market. Broker ratings lean constructive, with a consensus buy and a target price about 12.49% above the current level, but the target range is nearly $100 wide, showing real disagreement. On valuation, the stock trades at roughly 28.39x P/E and 28.82x P/B, not cheap for an industrial. The latest session showed net outflows from large and medium orders, while small orders were net buyers. The near-term focus shifts to retail and manufacturing data, plus any follow-through from the €1.5 billion bond pricing. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [MMM.US](https://longbridge.com/en/quote/MMM.US.md) ## Related News & Research - [3M Analysts Boost Their Forecasts Following Strong Q3 Earnings](https://longbridge.com/en/news/302588939.md) - [3M tops Q3 adjusted EPS estimates, raises guidance](https://longbridge.com/en/news/302405669.md) - [BUZZ-Street View: 3M gets Amazon handshake and taste of AI trade](https://longbridge.com/en/news/302535741.md) - [Why Everyone Is Watching 3M (MMM) Today](https://longbridge.com/en/news/302251938.md) - [3M Reports Third-Quarter 2026 Results; Raises Full-Year EPS Guidance | MMM Stock News](https://longbridge.com/en/news/302405151.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**