MMM 3M Co.

$MMM lawsuit watch: a NY fire district sued 3M and others in June, alleging turnout gear makers knew for decades the gear contained toxic PFAS 'forever chemicals'. Complaint stage, nothing to claim yet. Open Class Actions.

$MMM payout update: 3M's $6B earplug settlement began Year 2 payments on Oct 1, about $5,378 per point, the largest cycle in the program. Only enrolled claimants get paid; registration is closed. Details on Open Class Actions.

$MMM Bernstein upgraded 3M from Underperform to Market Perform on Friday, lifting the target to 171 from 145. Analyst Varun Govindaraj cites four factors: a better economy, margin expansion, improved R&D spending, and reduced risk around PFAS. What makes the call notable is the skepticism around it. Only 43% of analysts covering 3M rate it a Buy. The average S&P 500 stock sits at 55 to 60%. The transformation case has numbers, though. Comparable sales growth is expected at 3.5% in 2026, up from 1.5% in 2025 and 1.2% in 2024. Margins are up a couple of points over the past two years, with a couple more expected over the next two. On the overhang: the roughly $12.5B PFAS settlement in 2023 at least put a number on the liability. Since CEO Bill Brown took over in May 2024 the stock is up about 70%, roughly 17 points better than the S&P 500. An upgrade to Hold that reads like this is its own tell: Bernstein seems to believe the turnaround, just not the price.

$MMM | 3M CEO: Strong Point-Of-Sale Growth Through Distributors Is Continuing Into Q3 - Supports Expected Sales Acceleration In H2 - Consumer Business Expected To Perform Better In H2

$MMM is getting close to 200 DMA support and has almost filled its earnings gap from July