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Analysts Offer Insights on Industrial Goods Companies: FedEx (FDX), 3M (MMM) and Boeing (BA)

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on FedEx (FDXResearch Report), 3M (MMMResearch Report) and Boeing (BAResearch Report).

FedEx (FDX)

In a report released yesterday, Ken Hoexter from Bank of America Securities reiterated a Buy rating on FedEx, with a price target of $340.00. The company’s shares closed last Monday at $280.13, close to its 52-week high of $291.27.

According to TipRanks.com, Hoexter is a 4-star analyst with an average return of 5.0% and a 54.7% success rate. Hoexter covers the Industrial Goods sector, focusing on stocks such as Westinghouse Air Brake Technologies, Canadian National Railway, and Expeditors International.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for FedEx with a $308.65 average price target, representing an 8.6% upside. In a report issued on March 21, Goldman Sachs also maintained a Buy rating on the stock with a $324.00 price target.

See the top stocks recommended by analysts >>

3M (MMM)

Bank of America Securities analyst Andrew Obin reiterated a Hold rating on 3M yesterday and set a price target of $100.00. The company’s shares closed last Monday at $94.02.

According to TipRanks.com, Obin is a 5-star analyst with an average return of 12.1% and a 64.4% success rate. Obin covers the Industrial Goods sector, focusing on stocks such as Atmus Filtration Technologies, Inc., Montrose Environmental Group, and Emerson Electric Company.

The word on The Street in general, suggests a Hold analyst consensus rating for 3M with a $109.15 average price target, a 19.9% upside from current levels. In a report issued on March 17, Wells Fargo also maintained a Hold rating on the stock with a $105.00 price target.

Boeing (BA)

In a report released yesterday, Ronald Epstein from Bank of America Securities maintained a Hold rating on Boeing, with a price target of $210.00. The company’s shares closed last Monday at $189.50, close to its 52-week low of $176.25.

According to TipRanks.com, Epstein is a 4-star analyst with an average return of 7.5% and a 59.7% success rate. Epstein covers the Industrial Goods sector, focusing on stocks such as Raytheon Technologies, L3Harris Technologies, and Spirit AeroSystems.

Currently, the analyst consensus on Boeing is a Moderate Buy with an average price target of $242.33, representing a 26.1% upside. In a report released yesterday, Melius Research also downgraded the stock to Hold with a $209.00 price target.

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