10 Most Undervalued Dow Stocks to Buy According to Wall Street Analysts

8. 3M Company (NYSE:MMM)

Price Target Upside: 10.46%

P/E Ratio: 18.65

3M Company (NYSE:MMM) is among the most undervalued stocks.

TheFly reported on June 15 that Goldman Sachs reinstated coverage of MMM with a Buy rating and assigned a $190 price target, indicating potential upside of approximately 20%. The firm highlighted MMM as an attractive self-improvement opportunity, citing strengthening organic growth trends and possible benefits from progress on liability-related matters. Goldman Sachs also noted that the shares are currently trading at a relatively low valuation compared with the company’s potential outlook.

Separately, on June 10, during the Wells Fargo Industrials and Materials Conference, 3M Company (NYSE:MMM) CEO Bill Brown highlighted continued business momentum entering the second quarter. Brown stated that existing orders and backlog were translating into revenue, with the company expecting Q2 growth to exceed 3%. He noted improving trends across key areas, including general industrial and safety businesses, supported by stronger demand, innovation efforts, and commercial initiatives. Brown also pointed to positive PMI trends and resilient order activity, while acknowledging some pressure in areas such as consumer electronics and automotive. He added that the company continues to see improving momentum and expects further acceleration in the second half of the year.

3M Company (NYSE:MMM) is a global conglomerate producing products across industrial, healthcare, safety, and consumer markets, known for brands like Scotch Tape and Post-it Notes.