Analysts Offer Insights on Conglomerates Companies: Continental Building Products (NYSE: CBPX) and 3M Company (NYSE: MMM)

By Jason Carr

There’s a lot to be optimistic about in the Conglomerates sector as 2 analysts just weighed in on Continental Building Products (NYSE:CBPX) and 3M Company (NYSE:MMM) with bullish sentiments.

Continental Building Products (CBPX)

In a report released today, Sam Darkatsh from Raymond James maintained a Buy rating on Continental Building Products, with a price target of $36. The company’s shares opened today at $29.35.

According to TipRanks.com, Darkatsh has 0 stars on 0-5 star ranking scale with an average return of -3.2% and a 43.9% success rate. Darkatsh covers the Services sector, focusing on stocks such as HD Supply Holdings, MRC Global, and GMS Inc.

Continental Building Products has an analyst consensus of Moderate Buy, with a price target consensus of $36.40.

See today’s analyst top recommended stocks >>

3M Company (MMM)

In a report released today, John Eade from Argus Research maintained a Buy rating on 3M Company, with a price target of $225. The company’s shares opened today at $192.10, close to its 52-week low of $184.50.

Eade has an average return of 6.0% when recommending 3M Company.

According to TipRanks.com, Eade is ranked #148 out of 4886 analysts.

Currently, the analyst consensus on 3M Company is a Moderate Buy with an average price target of $215.20, a 12.0% upside from current levels. In a report issued on October 12, Gordon Haskett Capital Corporation also initiated coverage with a Buy rating on the stock with a $228 price target.

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