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Analysts Offer Insights on Conglomerates Companies: 3M (MMM) and United Parcel (UPS)

Companies in the Conglomerates sector have received a lot of coverage today as analysts weigh in on 3M (MMMResearch Report) and United Parcel (UPSResearch Report).

3M (MMM)

Credit Suisse analyst John Walsh maintained a Hold rating on 3M today and set a price target of $201.00. The company’s shares closed last Wednesday at $179.66.

According to TipRanks.com, Walsh is a 5-star analyst with an average return of 25.8% and a 77.6% success rate. Walsh covers the Industrial Goods sector, focusing on stocks such as Atkore International Group, Emerson Electric Company, and Honeywell International.

3M has an analyst consensus of Hold, with a price target consensus of $195.67, implying a 7.4% upside from current levels. In a report issued on October 13, Deutsche Bank also maintained a Hold rating on the stock with a $195.00 price target.

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United Parcel (UPS)

Stifel Nicolaus analyst J. Bruce Chan maintained a Buy rating on United Parcel today and set a price target of $241.00. The company’s shares closed last Wednesday at $212.46, close to its 52-week high of $220.24.

According to TipRanks.com, Chan is a 3-star analyst with an average return of 9.9% and a 69.6% success rate. Chan covers the Industrial Goods sector, focusing on stocks such as Expeditors International, Echo Global Logistics, and Old Dominion Freight.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for United Parcel with a $222.93 average price target, representing a 2.7% upside. In a report released yesterday, J.P. Morgan also maintained a Buy rating on the stock with a $240.00 price target.

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