Barclays Raises 3M Price Target to $172 After Strong Q2 Results

3M reported strong second-quarter earnings with adjusted EPS of $2.16, surpassing Wall Street expectations and showing positive organic sales growth and double-digit EPS growth, according to CEO William Brown. Barclays responded by raising its price target for 3M from $170 to $172 and maintaining an Overweight rating, citing strong capital deployment and solid margin performance despite tariff challenges. Conversely, RBC Capital lowered its price target from $119 to $117 and maintained an Underperform rating due to tariff-related headwinds and a modest 2% organic revenue growth outlook. The average analyst price target for 3M stands at $158.53, with a consensus recommendation of 'Outperform.' Meanwhile, GuruFocus estimates a fair value far below the current price, suggesting a significant downside risk. For Martin Marietta, Raymond James raised the price target slightly to $600 with an Outperform rating, reflecting confidence in the company's ability to meet profit guidance despite weather-related volume challenges.