The Best and Worst Dow Stocks for the Next 12 Months

19. 3M Company (NYSE:MMM)

Upside Potential: 12.5%

Market Cap: $73 billion

Number of Hedge Fund Holders: 79

3M Company (NYSE:MMM) is a diversified global conglomerate that manufactures various products across industrial, safety, transportation, electronics, and consumer markets.

On April 22, the company reported healthy Q1 2025 earnings results. Adjusted revenue for the quarter stood at $5.8 billion, up 1.5% organically, and modestly ahead of street estimates. The EPS of $1.88 was up 10% year-over-year and came substantially ahead of street expectations of $1.77.

For FY 2025, the company reaffirmed its EPS guidance of $7.6 to $7.9 (in line with consensus at mid-point), including a $0.2-$0.4 impact from tariffs. The company is considering several measures to offset the effects of tariffs, including shifting its production bases, pricing actions, and optimizing networks.

Following the results, an analyst at UBS published a report highlighting that the stock remains one of the Top Picks across the UBS coverage universe. Despite the company reiterating its guidance, the analyst increased his EPS estimates for FY 2025. He believes the guidance appears conservative, and there could be further upside to the company’s estimates. Supported by the order trends and better organic growth, the analyst also estimates that the company would win back more market share in the coming years. He, therefore, reiterated a Buy rating with a price target of $184.