Companies in the Conglomerates sector have received a lot of coverage today as analysts weigh in on 3M Company (MMM) and Spectrum Brands Holdings (SPB).
3M Company (MMM)
In a report released today, Andrew Kaplowitz from Citigroup maintained a Buy rating on 3M Company, with a price target of $180.00. The company’s shares closed last Monday at $160.51, close to its 52-week low of $150.58.
According to TipRanks.com, Kaplowitz is a 1-star analyst with an average return of -0.5% and a 48.3% success rate. Kaplowitz covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Circor International.
Currently, the analyst consensus on 3M Company is a Hold with an average price target of $173.57.
See today’s analyst top recommended stocks >>
Spectrum Brands Holdings (SPB)
Wells Fargo analyst Sam Reid maintained a Hold rating on Spectrum Brands Holdings today and set a price target of $52.00. The company’s shares closed last Monday at $47.27.
According to TipRanks.com, Reid is ranked #4713 out of 5546 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Spectrum Brands Holdings with a $58.67 average price target.
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