Barclays Raised the Firm’s PT on 3M Company (MMM), Kept an Overweight Rating

3M Company (NYSE:MMM) is one of the Most Undervalued High Quality Stocks to Buy According to Hedge FundsOn July 9, Barclays raised the firm’s price target on 3M Company (NYSE:MMM) from $164 to $170, while keeping an Overweight rating on the stock.

The increased price target shows analysts’ improved sentiment around the company as it gets close to releasing its Q2 2025 earnings report. The firm noted that there are high investor expectations for companies in the multi-industry sector as they approach Q2 earnings reports. Many firms, including 3M Company (NYSE:MMM), are seen as well-positioned to beat current earnings estimates and possibly raise future guidance.

Barclays Raised the Firm’s PT on 3M Company (MMM), Kept an Overweight Rating

A specialized industrial laboratory, filled with high-tech machinery for producing abrasives.

Moreover, the positive outlook comes despite soft consumer demand, highlighting the sector’s ability to navigate a muted demand environment. The company, during its fiscal Q1 2025 results, provided a full-year outlook. Management expects the Adjusted EPS to be in the range of $7.60 to $7.90, with an additional tariff sensitivity of $0.20 to $0.40 per share.

3M Company (NYSE:MMM) is a diversified technology and manufacturing company specializing in innovative products across multiple industries. Its operations span safety and industrial goods, transportation and electronics, and consumer products.

While we acknowledge the potential of MMM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MMM and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.