Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on 3M (MMM – Research Report) and SolarEdge Technologies (SEDG – Research 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 TipRanks.com, Obin is a 5-star analyst with an average return of
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 TipRanks.com, Smith is a 4-star analyst with an average return of
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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