Analysts have been eager to weigh in on the Conglomerates sector with new ratings on 3M Company (NYSE: MMM), Danaher Corporation (NYSE: DHR) and Eaton Corporation (NYSE: ETN).
3M Company (NYSE: MMM)
Credit Suisse analyst Julian Mitchell reiterated a Buy rating on 3M Company (NYSE: MMM) on July 7 and set a price target of $178. The company’s shares closed last Friday at $177.12, close to its 52-week high of $177.79.
According to TipRanks.com, Mitchell is a 4-star analyst with an average return of 9.1% and a 67.6% success rate. Mitchell covers the Industrial Goods sector, focusing on stocks such as United Technologies Corp., Emerson Electric Company, and Rockwell Automation Inc.
Currently, the analyst consensus on 3M Company is Hold and the average price target is $184.50, representing a 4.2% upside.
In a report issued on July 5, Jefferies also reiterated a Buy rating on the stock.
Danaher Corporation (NYSE: DHR)
In a report issued on July 7, Julian Mitchell from Credit Suisse reiterated a Hold rating on Danaher Corp (NYSE: DHR), with a price target of $76. The company’s shares closed last Friday at $80.86, close to its 52-week low of $77.34.
According to TipRanks.com, Mitchell is a 4-star analyst with an average return of 9.1% and a 67.6% success rate. Mitchell covers the Industrial Goods sector, focusing on stocks such as United Technologies Corp., Emerson Electric Company, and Rockwell Automation Inc.
Currently, the analyst consensus on Danaher Corp is Moderate Buy and the average price target is $87, representing a 7.6% upside.
In a report issued on July 5, Goldman Sachs also initiated coverage with a Hold rating on the stock with a $74 price target.
Eaton Corporation (NYSE: ETN)
In a report issued on July 7, Julian Mitchell from Credit Suisse reiterated a Buy rating on Eaton Corporation (NYSE: ETN), with a price target of $69. The company’s shares closed last Friday at $61.92, close to its 52-week high of $64.15.
According to TipRanks.com, Mitchell is a 4-star analyst with an average return of 9.1% and a 67.6% success rate. Mitchell covers the Industrial Goods sector, focusing on stocks such as United Technologies Corp., Emerson Electric Company, and Rockwell Automation Inc.
Currently, the analyst consensus on Eaton Corporation is Moderate Buy and the average price target is $62.80, representing a 1.4% upside.
In a report issued on June 30, KeyBanc also reiterated a Buy rating on the stock with a $69 price target.