Analysts Offer Insights on Industrial Goods Companies: 3M (MMM), General Motors (GM) and Herc Holdings (HRI)

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on 3M (MMM – Research Report), General Motors (GM – Research Report) and Herc Holdings (HRI – Research Report).

3M (MMM)

In a report released yesterday, Julian Mitchell from Barclays maintained a Sell rating on 3M, with a price target of $96.00. The company’s shares closed last Tuesday at $109.83.

According to TipRanks.com, Mitchell is a top 100 analyst with an average return of 14.7% and a 67.1% success rate. Mitchell covers the Industrial Goods sector, focusing on stocks such as Lennox International, Rockwell Automation, and Illinois Tool Works.

Currently, the analyst consensus on 3M is a Hold with an average price target of $108.58.

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General Motors (GM)

Barclays analyst Dan Levy maintained a Hold rating on General Motors today and set a price target of $46.00. The company’s shares closed last Tuesday at $37.92.

According to TipRanks.com, Levy is a 3-star analyst with an average return of 4.4% and a 45.3% success rate. Levy covers the Industrial Goods sector, focusing on stocks such as Magna International, Dana Holding, and Ford Motor.

General Motors has an analyst consensus of Moderate Buy, with a price target consensus of $48.10, which is a 27.5% upside from current levels. In a report issued on July 18, Mizuho Securities also maintained a Hold rating on the stock with a $40.00 price target.

Herc Holdings (HRI)

In a report released yesterday, Adam Seiden from Barclays maintained a Buy rating on Herc Holdings, with a price target of $175.00. The company’s shares closed last Tuesday at $132.18.

According to TipRanks.com, Seiden is a 5-star analyst with an average return of 14.6% and a 57.4% success rate. Seiden covers the Industrial Goods sector, focusing on stocks such as Manitowoc Company, Aecom Technology, and United Rentals.

Currently, the analyst consensus on Herc Holdings is a Hold with an average price target of $152.25, representing a 18.5% upside. In a report issued on July 13, KeyBanc also maintained a Buy rating on the stock with a $170.00 price target.

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Read More on MMM:

• 3M Company Reports Earnings: Did it Beat Estimate Forecasts?
• 3M (NYSE:MMM) Gains on Q2 Beat
• 3M Reports Second Quarter 2023 Results; Proactive Initiatives Drive Strong Quarterly Financial Results; Raises Full-Year Adjusted EPS Guidance
• Notable companies reporting before tomorrow’s open
• Is MMM a Buy, Before Earnings?