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Analysts’ Opinions Are Mixed on These Industrial Goods Stocks: 3M (MMM) and SiteOne Landscape Supply (SITE)

Tipranks - Tipranks - Sat May 30, 4:12AM CDT

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on 3M (MMM) and SiteOne Landscape Supply (SITE).

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3M (MMM)

In a report released today, Julian Mitchell from Barclays maintained a Buy rating on 3M, with a price target of $185.00. The company’s shares closed last Thursday at $152.85, close to its 52-week high of $156.35.

According to TipRanks.com, Mitchell is a 5-star analyst with an average return of 16.6% and a 65.1% success rate. Mitchell covers the Industrial Goods sector, focusing on stocks such as Madison Air Solutions Corp. Class A, Emerson Electric Company, and Honeywell International. ;'>

3M has an analyst consensus of Moderate Buy, with a price target consensus of $169.98, a 10.4% upside from current levels. In a report issued on May 15, Bank of America Securities also maintained a Buy rating on the stock.

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SiteOne Landscape Supply (SITE)

In a report released today, Matthew Bouley from Barclays maintained a Hold rating on SiteOne Landscape Supply, with a price target of $148.00. The company’s shares closed last Thursday at $111.72.

According to TipRanks.com, Bouley is a 5-star analyst with an average return of 12.4% and a 57.7% success rate. Bouley covers the Industrial Goods sector, focusing on stocks such as Fortune Brands Innovations, Advanced Drainage Systems, and Builders Firstsource. ;'>

Currently, the analyst consensus on SiteOne Landscape Supply is a Strong Buy with an average price target of $154.71, which is a 37.5% upside from current levels. In a report issued on May 19, TipRanks – PerPlexity also downgraded the stock to Hold with a $126.00 price target.

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