Analysts Conflicted on These Industrial Goods Names: 3M (MMM) and SolarEdge Technologies (SEDG)

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on 3M (MMMResearch Report) and SolarEdge Technologies (SEDGResearch Report).

3M (MMM)

In a report issued on January 25, Andrew Obin from Bank of America Securities reiterated a Sell rating on 3M, with a price target of $120.00. The company’s shares closed last Friday at $115.25, close to its 52-week low of $107.07.

According to, Obin is a 5-star analyst with an average return of 11.3% and a 61.8% success rate. Obin covers the Industrial Goods sector, focusing on stocks such as Trane Technologies, Johnson Controls, and General Electric.

3M has an analyst consensus of Moderate Sell, with a price target consensus of $115.20, representing a 1.3% upside. In a report issued on January 24, RBC Capital also maintained a Sell rating on the stock with a $106.00 price target.

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SolarEdge Technologies (SEDG)

Bank of America Securities analyst Julien Dumoulin Smith reiterated a Buy rating on SolarEdge Technologies on January 25 and set a price target of $382.00. The company’s shares closed last Friday at $306.44.

According to, Smith is a 4-star analyst with an average return of 6.0% and a 57.1% success rate. Smith covers the Utilities sector, focusing on stocks such as Sunnova Energy International, Maxeon Solar Technologies, and Public Service Enterprise.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SolarEdge Technologies with a $360.71 average price target.

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