JPMorgan has turned bullish on 3M ahead of the company’s second‑quarter earnings release, upgrading the Dow Jones industrial‑average component to overweight from neutral and lifting its price target to $180 from $178 — an implied 11% upside from Thursday’s close. Analyst Chigusa Katoku cited broadening AI‑ and data‑center‑driven demand that is helping offset weakness in consumer electronics and auto sales, while noting that U.S. consumers remain resilient and continue to purchase 3M’s core products, supporting margin expansion as inflation eases. She added that short‑cycle indicators remain supportive and that pricing power is taking hold, which 3M should be able to maintain even as inflation declines. 3M is scheduled to report its Q2 results on Tuesday, with JPMorgan forecasting earnings of $2.26 per share, slightly above the consensus estimate of $2.24 per share. According to LSEG, nine analysts rate the stock a buy or strong buy, eight have a hold rating, and two advise underperform or sell.
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