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Analysts Offer Insights on Industrial Goods Companies: 3M (MMM) and Virgin Galactic Holdings (SPCE)

Tipranks - Wed Apr 1, 5:52AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on 3M (MMM) and Virgin Galactic Holdings (SPCE) with bullish sentiments.

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3M (MMM)

Bank of America Securities analyst Andrew Obin maintained a Buy rating on 3M yesterday and set a price target of $200.00. The company’s shares closed last Monday at $142.52.

According to TipRanks.com, Obin is a 5-star analyst with an average return of 18.2% and a 66.7% success rate. Obin covers the Industrial Goods sector, focusing on stocks such as Montrose Environmental Group, Emerson Electric Company, and Honeywell International. ;'>

3M has an analyst consensus of Moderate Buy, with a price target consensus of $177.11, representing a 23.2% upside. In a report issued on March 20, Barclays also maintained a Buy rating on the stock with a $190.00 price target.

See the top stocks recommended by analysts >>

Virgin Galactic Holdings (SPCE)

TD Cowen analyst Oliver Chen maintained a Buy rating on Virgin Galactic Holdings today and set a price target of $4.50. The company’s shares closed last Monday at $2.17.

According to TipRanks.com, Chen is a 4-star analyst with an average return of 3.2% and a 48.2% success rate. Chen covers the NA sector, focusing on stocks such as Canada Goose Holdings, Brilliant Earth Group, and Levi Strauss & Co. ;'>

Currently, the analyst consensus on Virgin Galactic Holdings is a Moderate Buy with an average price target of $4.00.

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