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Analysts Offer Insights on Industrial Goods Companies: Archer Daniels Midland (ADM), 3M (MMM) and Rolls-Royce Holdings (OtherRYCEF)

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Archer Daniels Midland (ADMResearch Report), 3M (MMMResearch Report) and Rolls-Royce Holdings (RYCEFResearch Report).

Archer Daniels Midland (ADM)

Bank of America Securities analyst Salvator Tiano reiterated a Hold rating on Archer Daniels Midland today and set a price target of $69.00. The company’s shares closed last Tuesday at $58.66.

According to TipRanks.com, Tiano is ranked #3741 out of 8800 analysts.

Archer Daniels Midland has an analyst consensus of Hold, with a price target consensus of $63.00, a 3.7% upside from current levels. In a report released yesterday, Jefferies also maintained a Hold rating on the stock with a $65.00 price target.

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3M (MMM)

Wells Fargo analyst Joe O’Dea maintained a Hold rating on 3M yesterday and set a price target of $100.00. The company’s shares closed last Tuesday at $96.51.

According to TipRanks.com, O’Dea is a 4-star analyst with an average return of 8.8% and a 59.5% success rate. O’Dea covers the Industrial Goods sector, focusing on stocks such as Atmus Filtration Technologies, Inc., Emerson Electric Company, and Honeywell International.

Currently, the analyst consensus on 3M is a Hold with an average price target of $105.50, a 10.2% upside from current levels. In a report issued on April 17, J.P. Morgan also maintained a Hold rating on the stock with a $110.00 price target.

Rolls-Royce Holdings (RYCEF)

In a report issued on April 29, Chloe Lemaire from Jefferies maintained a Buy rating on Rolls-Royce Holdings, with a price target of p530.00. The company’s shares closed last Tuesday at $5.17, close to its 52-week high of $5.46.

Lemaire has an average return of 113.2% when recommending Rolls-Royce Holdings.

According to TipRanks.com, Lemaire is ranked #178 out of 8800 analysts.

Rolls-Royce Holdings has an analyst consensus of Strong Buy, with a price target consensus of $6.29.

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