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Analysts Offer Insights on Industrial Goods Companies: 3M (MMM) and Canadian National Railway (CNI)

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on 3M (MMMResearch Report) and Canadian National Railway (CNIResearch Report).

3M (MMM)

In a report released today, Joshua Pokrzywinski from Morgan Stanley maintained a Sell rating on 3M, with a price target of $126.00. The company’s shares closed last Friday at $129.25, close to its 52-week low of $125.60.

According to TipRanks.com, Pokrzywinski is a 4-star analyst with an average return of 4.3% and a 50.5% success rate. Pokrzywinski covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Emerson Electric Company, and Honeywell International.

Currently, the analyst consensus on 3M is a Moderate Sell with an average price target of $142.91, implying a 10.0% upside from current levels. In a report issued on July 8, Barclays also maintained a Sell rating on the stock with a $143.00 price target.

See the top stocks recommended by analysts >>

Canadian National Railway (CNI)

In a report released today, Allison Poliniak from Wells Fargo maintained a Hold rating on Canadian National Railway, with a price target of $115.00. The company’s shares closed last Friday at $111.50.

According to TipRanks.com, Poliniak is a 5-star analyst with an average return of 8.7% and a 52.0% success rate. Poliniak covers the Industrial Goods sector, focusing on stocks such as Expeditors International, Knight Transportation, and Old Dominion Freight.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Canadian National Railway with a $125.17 average price target, which is an 11.9% upside from current levels. In a report issued on July 7, Scotiabank also downgraded the stock to Hold with a C$150.00 price target.

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