Rating Change
Wolfe Research analysts downgraded 3M Company (NYSE:MMM) from Outperform to Peer Perform on November 12, 2026.
downgradeNYSE:MMM
3M Company (MMM) Downgraded to Peer Perform by Wolfe Research
Wolfe Research analysts downgraded 3M Company (NYSE:MMM) from Outperform to Peer Perform on November 12, 2026.
At publication ·
What changed
3M Company (NYSE:MMM) · downgrade
- Firm
- Wolfe Research
- Rating
- Outperform to Peer Perform
- Price at event
- $186.24
- Market capitalization
- $89.6B
At a glance
Key takeaways
- Wolfe Research downgraded 3M Company from Outperform to Peer Perform on November 12, 2026.
- 3M stock trades at $186.24 with an $89.6 billion market cap and gained 15.9% over the past 52 weeks.
- Recent analyst ratings show mixed sentiment with 4 Buy, 5 Hold, and 1 Sell among the 10 most recent ratings.
- Downgrades may cause short-term stock pressure but can create buying opportunities if markets overreact.
Market Context
3M Company operates in the Industrials sector. The stock currently trades at $186.24 with a market capitalization of $89.6B. The stock has gained 15.9% over the past 52 weeks.
Analyst downgrades can weigh on a stock in the short term as institutional investors who follow Wolfe Research's research adjust their positions. However, downgrades also sometimes create buying opportunities if the market overreacts to the rating change. The reasoning behind the downgrade matters more than the rating itself.
Analyst ratings and price targets are one input among many for investment decisions. Historical studies show that consensus analyst recommendations have mixed predictive power on their own, but significant changes in consensus — such as multiple upgrades or downgrades in a short period — can be more meaningful signals.
Recent Analyst Activity for 3M Company
Among the 10 most recent ratings: 4 Buy, 5 Hold, 1 Sell.
| Date | Firm | Rating | Price Target |
|---|---|---|---|
| Nov 12, 2026 | Wolfe Research | Peer Perform | N/A |
| Nov 05, 2026 | Goldman Sachs | Buy | N/A |
| Nov 04, 2026 | JP Morgan | Overweight | N/A |
| Oct 21, 2026 | JP Morgan | Overweight | N/A |
| Oct 21, 2026 | RBC Capital | Underperform | N/A |
Related Tools: Analyst Ratings Dashboard | View MMM Stock Page
Frequently Asked Questions
What does the Peer Perform rating mean for MMM?
A rating of Peer Perform from Wolfe Research reflects the analyst's outlook on 3M Company (NYSE:MMM). Analyst ratings are one factor investors consider alongside earnings, valuation, and sector trends.
Where can I find more analyst ratings?
Browse recent upgrades and downgrades on our Analyst Ratings Dashboard or the MMM forecast page.
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