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Analysts Offer Insights on Industrial Goods Companies: 3M (MMM), Armstrong World (AWI) and Paccar (PCAR)

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on 3M (MMMResearch Report), Armstrong World (AWIResearch Report) and Paccar (PCARResearch Report).

3M (MMM)

In a report released today, Joshua Pokrzywinski from Morgan Stanley maintained a Sell rating on 3M, with a price target of $131.00. The company’s shares closed last Wednesday at $138.71.

According to TipRanks.com, Pokrzywinski is a 4-star analyst with an average return of 5.2% and a 52.1% success rate. Pokrzywinski covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Emerson Electric Company, and Honeywell International.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for 3M with a $139.82 average price target, which is a 0.1% upside from current levels. In a report issued on July 13, RBC Capital also maintained a Sell rating on the stock with a $120.00 price target.

See today’s best-performing stocks on TipRanks >>

Armstrong World (AWI)

In a report released today, John Lovallo from UBS maintained a Sell rating on Armstrong World, with a price target of $82.00. The company’s shares closed last Wednesday at $83.90.

According to TipRanks.com, Lovallo is ranked 0 out of 5 stars with an average return of -8.5% and a 46.3% success rate. Lovallo covers the Consumer Goods sector, focusing on stocks such as Toll Brothers, PulteGroup, and DR Horton.

Currently, the analyst consensus on Armstrong World is a Strong Buy with an average price target of $98.33.

Paccar (PCAR)

In a report released today, Dillon Cumming from Morgan Stanley maintained a Hold rating on Paccar, with a price target of $81.00. The company’s shares closed last Wednesday at $87.81.

According to TipRanks.com, Cumming is a 2-star analyst with an average return of -1.3% and a 42.1% success rate. Cumming covers the Industrial Goods sector, focusing on stocks such as Westinghouse Air Brake Technologies, Allison Transmission Holdings, and Lincoln Electric Holdings.

Paccar has an analyst consensus of Moderate Buy, with a price target consensus of $92.90, representing a 6.4% upside. In a report issued on July 13, Deutsche Bank also maintained a Hold rating on the stock with a $94.00 price target.

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