Analysts’ Top Industrial Goods Picks: 3M (MMM), Fastenal Company (FAST)

Analysts fell to the sidelines weighing in on 3M (MMMResearch Report) and Fastenal Company (FASTResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

3M (MMM)

In a report released yesterday, Stephen Tusa from J.P. Morgan maintained a Hold rating on 3M, with a price target of $125.00. The company’s shares closed last Thursday at $130.05, close to its 52-week low of $125.60.

According to, Tusa is a 5-star analyst with an average return of 10.6% and a 63.7% success rate. Tusa covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and John Bean Technologies.

3M has an analyst consensus of Moderate Sell, with a price target consensus of $151.36, representing a 16.3% upside. In a report issued on June 29, Wells Fargo also maintained a Hold rating on the stock with a $140.00 price target.

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Fastenal Company (FAST)

J.P. Morgan analyst Patrick Baumann maintained a Hold rating on Fastenal Company yesterday and set a price target of $42.00. The company’s shares closed last Thursday at $50.79, close to its 52-week low of $48.10.

According to, Baumann is ranked #6134 out of 7920 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for Fastenal Company with a $61.40 average price target.

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