Analysts are bullish on two industrial goods companies, 3M (MMM) and Rocket Lab USA (RKLB), with recent reports highlighting positive outlooks for both stocks.
Bank of America Securities analyst Andrew Obin maintained a Buy rating on 3M, setting a price target of $200.00. The stock closed last Monday at $188.63. Obin, a 5-star analyst with a 14.6% average return and a 61.0% success rate, covers the Industrial Goods sector. The analyst consensus on 3M is a Moderate Buy, with an average price target of $196.60, suggesting a 4.4% upside from current levels. Additionally, TipRanks upgraded the stock to Buy with a $213.00 price target.
Meanwhile, Ronald Epstein from Bank of America Securities maintained a Buy rating on Rocket Lab USA, with a price target of $110.00. The company’s shares closed last Monday at $58.86. Epstein, another 5-star analyst with a 17.1% average return and a 56.9% success rate, also covers the Industrial Goods sector. The analyst consensus on Rocket Lab USA is a Strong Buy, with an average price target of $99.00, representing an 82.3% upside. Citizens JMP also reiterated a Buy rating on the stock with a $90.00 price target.