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Analysts Offer Insights on Industrial Goods Companies: 3M (MMM), Masonite International (DOOR) and FREYR Battery (FREY)

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on 3M (MMMResearch Report), Masonite International (DOORResearch Report) and FREYR Battery (FREYResearch Report).

3M (MMM)

Mizuho Securities analyst Brett Linzey maintained a Hold rating on 3M on November 14 and set a price target of $130.00. The company’s shares closed last Tuesday at $131.22.

According to TipRanks.com, Linzey is a 3-star analyst with an average return of 3.4% and a 59.6% success rate. Linzey covers the Industrial Goods sector, focusing on stocks such as Zurn Water Solutions, Lennox International, and Trane Technologies.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for 3M with a $124.69 average price target.

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Masonite International (DOOR)

In a report issued on November 13, Timothy Wojs from Robert W. Baird reiterated a Buy rating on Masonite International, with a price target of $98.00. The company’s shares closed last Tuesday at $74.55, close to its 52-week low of $65.71.

According to TipRanks.com, Wojs is a 1-star analyst with an average return of -0.9% and a 51.6% success rate. Wojs covers the Industrial Goods sector, focusing on stocks such as Simpson Manufacturing Co, Carlisle Companies, and Trane Technologies.

Currently, the analyst consensus on Masonite International is a Strong Buy with an average price target of $95.43, which is a 26.7% upside from current levels. In a report issued on November 9, RBC Capital also maintained a Buy rating on the stock with a $91.00 price target.

FREYR Battery (FREY)

In a report issued on November 14, Gregory Lewis from BTIG maintained a Buy rating on FREYR Battery, with a price target of $25.00. The company’s shares closed last Tuesday at $15.01.

According to TipRanks.com, Lewis is a 1-star analyst with an average return of -3.0% and a 43.5% success rate. Lewis covers the Industrial Goods sector, focusing on stocks such as International Seaways, Eagle Bulk Shipping, and Chart Industries.

Currently, the analyst consensus on FREYR Battery is a Strong Buy with an average price target of $23.33, which is a 49.1% upside from current levels. In a report issued on October 31, Cowen & Co. also initiated coverage with a Buy rating on the stock.

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