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The Bull Case For 3M (MMM) Could Change Following PFAS RICO Class-Action Setback In Montana Court

Simply Wall St·01/08/2026 22:24:10
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  • On January 6, 2026, a Montana federal judge refused to dismiss a class-action lawsuit alleging that 3M and other manufacturers concealed PFAS-related health risks in firefighter turnout gear, allowing RICO and multi-state claims to proceed.
  • This ruling increases attention on 3M’s PFAS exposure, as plaintiffs seek reimbursement for firefighter gear replacement costs that attorneys estimate could reach many billions.
  • We’ll now examine how the court’s decision to let PFAS RICO claims advance may reshape 3M’s investment narrative and perceived risk profile.

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3M Investment Narrative Recap

To own 3M today, you need to believe its broad industrial and materials platform can keep generating solid cash flows while it works through substantial legacy legal issues. The Montana ruling that lets PFAS RICO and multi state claims proceed does not change the core operating story, but it may sharpen investor focus on legal overhangs as a key near term risk alongside upcoming Q4 2025 results on January 20.

Against that legal backdrop, 3M’s recent launch of its Ask 3M AI assistant and expanded Digital Materials Hub underlines how much of the near term catalyst still rests on innovation driven growth and efficiency. These tools speak directly to the thesis that new products and better digital workflows can support margins and help offset any future drag from litigation related costs.

Yet, in contrast, investors should also be aware that PFAS related class actions and potential firefighter gear replacement claims could...

Read the full narrative on 3M (it's free!)

3M's narrative projects $26.1 billion revenue and $4.7 billion earnings by 2028. This requires 2.0% yearly revenue growth and about a $0.8 billion earnings increase from $3.9 billion today.

Uncover how 3M's forecasts yield a $174.25 fair value, a 7% upside to its current price.

Exploring Other Perspectives

MMM 1-Year Stock Price Chart
MMM 1-Year Stock Price Chart

Six Simply Wall St Community fair value estimates for 3M span roughly US$142 to US$197 per share, showing how far apart individual views can be. You are weighing those against unresolved PFAS litigation that could affect future cash outflows and the company’s capacity to keep compounding its operating improvements.

Explore 6 other fair value estimates on 3M - why the stock might be worth as much as 21% more than the current price!

Build Your Own 3M Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

  • A great starting point for your 3M research is our analysis highlighting 2 key rewards and 2 important warning signs that could impact your investment decision.
  • Our free 3M research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate 3M's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.