Analysts have been eager to weigh in on the Conglomerates sector with new ratings on Lockheed Martin Corp (LMT) and 3M Company (MMM).
Lockheed Martin Corp (LMT)
Credit Suisse analyst Robert Spingarn maintained a Hold rating on Lockheed Martin Corp yesterday and set a price target of $357. The company’s shares closed yesterday at $301.24.
According to TipRanks.com, Spingarn is a 5-star analyst with an average return of 15.1% and a 67.5% success rate. Spingarn covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, Transdigm Group Inc, and L3 Technologies Inc.
Lockheed Martin Corp has an analyst consensus of Strong Buy, with a price target consensus of $379.
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3M Company (MMM)
Credit Suisse analyst John Walsh maintained a Buy rating on 3M Company yesterday and set a price target of $230. The company’s shares closed yesterday at $209.
According to TipRanks.com, Walsh is a 4-star analyst with an average return of 26.1% and a 86.4% success rate. Walsh covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Rockwell Automation Inc.
Currently, the analyst consensus on 3M Company is a Moderate Buy with an average price target of $216, representing a 3.3% upside. In a report released yesterday, RBC Capital also maintained a Buy rating on the stock with a $226 price target.
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