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Analysts’ Opinions Are Mixed on These Industrial Goods Stocks: 3M (MMM), Canadian National Railway (CNI) and Paccar (PCAR)

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

3M (MMM)

In a report released today, Deane Dray from RBC Capital maintained a Sell rating on 3M, with a price target of $138.00. The company’s shares closed last Tuesday at $144.22, close to its 52-week low of $139.74.

According to TipRanks.com, Dray is a 5-star analyst with an average return of 9.4% and a 49.8% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Atkore International Group, Emerson Electric Company, and Honeywell International.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for 3M with a $154.08 average price target, which is a 6.0% upside from current levels. In a report issued on April 12, Wolfe Research also reiterated a Sell rating on the stock with a $164.00 price target.

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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 $130.00. The company’s shares closed last Tuesday at $122.46.

According to TipRanks.com, Poliniak is a 5-star analyst with an average return of 11.6% and a 55.9% success rate. Poliniak covers the Industrial Goods sector, focusing on stocks such as Westinghouse Air Brake Technologies, Expeditors International, and Knight Transportation.

Currently, the analyst consensus on Canadian National Railway is a Hold with an average price target of $130.84, a 5.8% upside from current levels. In a report issued on April 14, CIBC also maintained a Hold rating on the stock with a C$169.00 price target.

Paccar (PCAR)

Raymond James analyst Felix Boeschen maintained a Buy rating on Paccar today and set a price target of $105.00. The company’s shares closed last Tuesday at $83.82.

According to TipRanks.com, Boeschen is a 3-star analyst with an average return of 3.0% and a 38.2% success rate. Boeschen covers the Industrial Goods sector, focusing on stocks such as Knight Transportation, Federal Signal, and Shyft Group.

Currently, the analyst consensus on Paccar is a Moderate Buy with an average price target of $97.31, implying a 13.2% upside from current levels. In a report issued on April 22, J.P. Morgan also maintained a Buy rating on the stock with a $106.00 price target.

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